Binance will delist 2 cryptocurrencies: They fell hard
Quick Look
- Binance announced that it will delist Epic Chain (EPIC) and QuickSwap (QUICK) coins.
- Following the announcement, EPIC lost 10% and QUICK lost 23%.
AI-generated summary
Why It Matters
Binance regularly removes cryptocurrencies from its platform that do not meet certain criteria.
Binance announced that it will delist Epic Chain (EPIC) and QuickSwap (QUICK) coins. Spot transactions will be stopped at 06:00 UTC on October 28. Token deposits will end on October 29 at the same time and withdrawals will end on December 28 at the same time. After the announcement, EPIC fell by 10% and QUICK token fell by 23%.
If the two delisted coins are not sold by the user or withdrawn to another platform, they can be converted into stablecoins by the exchange. However, the stock exchange stated that this was not certain either.
As it is known, Binance has some criteria set on this issue and has not compromised on implementing them for years. Issues such as commitment of the project team, transaction volume and liquidity, security, transparency, communication and response to stock exchange requests are shown as the topics that the company pays most attention to.
Binance did not explain in detail the reasons for delisting the two projects.
In the statement, it was also stated that futures transactions in coins will end on October 20, at 12 CET, and "Spot Copy Trading" transactions will end on October 21, at 9 CET.
What to Watch
AI outlook — possibilities, not facts
Spot trading will be stopped on October 28.
Very likely · Within days
Open Questions
- What exactly are the reasons for delisting?
