🚀🚀Bitcoin Exchange Binance Deletes 6 Altcoins: Prices Dropped! 🚀🚀

Binance, the world's largest cryptocurrency exchange, announced that it will remove six altcoins from both spot and futures trading.

Binance announced in an official statement on Monday, August 12 that PowerPool (CVP), Ellipsis (EPX), ForTube (FOR), Loom Network (LOOM), Reef (REEF) and VGX Token (VGX) cryptocurrencies will be deleted from spot trading.

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

Binance announced that it will not accept withdrawals for these cryptocurrencies as of November 26, 2024, and deposits will be suspended as of August 27.

Following this development, a significant loss of value was observed in the relevant altcoins. While the price of CVP fell by 10% to $ 0.279, EPX lost 32%, FOR 28%, LOOM 9%, REEF 30% and VGX 23%.

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