When a cryptocurrency gets delisted from an exchange like Binance, several things can happen:
Trading Halts: Once a coin is delisted, you will no longer be able to trade it on that exchange. Existing open orders may be cancelled.
Withdrawals: Typically, you can still withdraw your holdings to an external wallet after delisting. However, exchanges usually set a deadline for this, so users must act quickly.
Loss of Liquidity: Delisted coins can see a sharp drop in liquidity, making it harder to buy or sell the asset on other platforms.
Price Volatility: The price of a delisted coin may drop significantly as investors sell off their positions due to lack of exchange access and reduced confidence.
Limited Support: Customer support and development focus from the exchange will likely stop, making it less convenient to manage your holdings.
Alternative Trading: If you still believe in the project, you can trade the coin on other exchanges that list it or on decentralised exchanges (DEXs).
Always keep an eye on announcements and act quickly if a coin you hold is at risk of being delisted.