Bitcoin Exchange Binance Delists 6 Altcoins: Prices Dropped!

The world's largest cryptocurrency exchange Binance announced that it will delist 6 altcoins from spot and futures trading.

Binance announced on Monday, August 12 that it will delist PowerPool (CVP), Ellipsis (EPX), ForTube (FOR), Loom Network (LOOM), Reef (REEF) and VGX Token (VGX) cryptocurrencies from spot trading.

According to the statement, Binance will remove CVP/USDT, EPX/USDT, FOR/BTC, FOR/USDT, LOOM/BTC, LOOM/TRY, LOOM/USDT, REEF/TRY, REEF/USDT and VGX/USDT trading pairs from spot trading as of 06:00 GMT on August 19 and will stop trading. It was stated that trading bots that are the same as trading pairs will also be closed in parallel.

Binance has emphasized that it will not accept withdrawals for these cryptocurrencies as of November 26-October 2024. Deposits will not be processed as of August 27.

According to the data, altcoin prices have fallen sharply. While the CVP price fell by 10% to $0.279, EPX lost 32%, FOR by 28%, LOOM by 9%, REEF by 30% and VGX by 23%.

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$EPX $REEF $VGX