Binance, a leading cryptocurrency exchange, has announced that it will be delisting trading pairs for five specific tokens: GFT, IRIS, KEY, OAX, and REN. This decision is set to take effect by December and has already led to a significant 40% decrease in the values of these tokens.
The delisting process involves removing these tokens from Binance's trading platform, meaning they will no longer be available for trading on the exchange. This can lead to reduced liquidity and trading volume, often causing the value of assets to decline sharply, as seen with these five tokens.
This action by Binance emphasizes the potential volatility and risk associated with cryptocurrencies, where market actions and platform decisions can heavily influence token valuations. Investors and token holders might need to seek other exchanges to continue trading these assets.
Источник: cointelegraph.com ↗