Binance, the world's largest cryptocurrency exchange, has announced the delisting of four cryptocurrencies - Polkastarter (POLS), Mdex (MDX), BarnBridge (BOND), and Dock (DOCK) - effective July 22nd. This move has resulted in a sharp decline in the value of these currencies, with Dock (DOCK) plummeting by 49% in a single day and a staggering 80% over the past month.
The exchange periodically reviews listed assets to ensure they meet industry standards, and removal can occur if these standards are no longer met or if market conditions change. The affected cryptocurrencies will be removed from Binance on July 22nd, with deposits closing the following day and withdrawals available until October 22nd.
Investors are advised to take action before the deadline, as Binance will not guarantee conversion to stablecoins after the specified period. This announcement has left investors in these projects with significant losses, highlighting the importance of staying informed about market developments and exchange listings.