Report on Upcoming Binance Delistings: What Users Need to Know
On August 26, 2024, Binance will delist several cryptocurrencies from its platform: ForTube (FOR), Ellipsis (EPX), Voyager Token (VGX), PowerPool (CVP), and Reef (REEF). This decision follows Binance's regular review process to ensure all listed assets meet their high standards for performance and compliance. Users holding these assets should take appropriate action before the delisting date.
Coins to be Delisted
ForTube (FOR): Currently priced at 0.00905 USDT, FOR has seen a significant decline, with a 24-hour change of -39.51%. ForTube is a DeFi platform offering lending and borrowing services. However, due to its poor market performance, Binance has decided to remove it from their listings.
Ellipsis (EPX): Priced at 0.0000739 USDT with a 24-hour drop of -34.60%, EPX focuses on stablecoin trading and liquidity provision. Its declining performance and reduced user interest have led to its removal.
Voyager Token (VGX): Trading at 0.0365 USDT, VGX has experienced a 24-hour change of -33.64%. Associated with the Voyager exchange, VGX has struggled to maintain market traction, prompting its delisting.
PowerPool (CVP): Currently at 0.2300 USDT, with a 32.23% drop in the last 24 hours, CVP is a governance token for the PowerPool protocol. Diminishing market activity and interest have resulted in its delisting.
Reef (REEF): Trading at 0.000917 USDT, REEF has decreased by -21.08%. REEF aimed to bridge DeFi with centralized exchanges but has faced challenges in gaining a strong market foothold, leading to its removal from Binance.
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