Target 5 virtual currencies
The overseas cryptocurrency exchange Binance announced on the 26th plans to delist 5 altcoins. Starting from December 10, 2024, at 12:00, all spot trading pairs and derivatives (margin trading) related to the following five will be suspended.
GFT
IRIS Network (IRIS)
Self-Key (KEY)
OAX (OAX)
REN
Binance is a global exchange, and its delisting may affect investor confidence and the market valuation of these altcoins. After the announcement, REN was affected by -15.8% compared to the previous trading day, GFT by -35.2%, and OAX by -36.3% (as of the time of writing).
Expected liquidity will decrease, making trading on other exchanges difficult, so we need to closely monitor future trends.