🚨🚨Delist decision from Binance for 4 altcoins: Big drop in price🤯
Binance announced today that AMB/USDT, CLV/BTC,
#CLV /USDT,
#STMX /TRY, STMX/USDT and VITE/USDT transactions will not be supported separately on February 24, 2025 and that these tokens will be ‘delisted’.
#Binance emphasized its efforts to adapt to market conditions along with the priority of providing users with the best service and security in its statement. The platform stated that AMB, CLV, STMX and VITE tokens do not meet its required standards and announced that these tokens will be delisted after all transaction orders have expired.
Binance announced that as of February 25, 2025 at 03:00 UTC, investments made in these tokens will not be transferred to user accounts and that it will not be possible to withdraw these tokens from Binance accounts after April 24, 2025 at 03:00 UTC.
In addition, tokens that are delisted will be able to be converted into coins on behalf of users after 03:00 UTC on April 25, 2025, but since the conversion process is not guaranteed, Binance users have started to be followed up on notifications before conversion. Stablecoins will be transferred to users' accounts after the conversion.
Following the announcement, VITE fell by nearly 40 percent, AMB by more than 30 percent, and CLV and STMX by approximately 10 percent.
What is a list?
"Delisting" means that a token or coin is removed from a cryptocurrency exchange. A delisted token is no longer traded on that exchange. Exchanges list and allow trading of tokens according to certain changes. However, if a token does not meet these criteria (e.g. low trading volume, security issues, legal requirements, etc.), it may be delisted by the exchange.
#delisting #GeopoliticalImpactOnBTC