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

According to the statement, Binance will remove the 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 suspend trading. It was stated that trading bots that are the same as the trading pairs will also be closed in parallel.

Binance emphasized that it will not accept withdrawals for the cryptocurrencies in question as of November 26 and October 2024. Deposits will not be processed as of August 27.

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

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

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