Binance Delists Altcoins: BOND, DOCK, MDX, POLS in Focus
Binance, one of the world’s largest cryptocurrency exchanges, has announced the delisting of four altcoins from its spot market. The crypto exchange Binance has stated that it will no longer handle four altcoins: BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastar (POLS). Binance announced that it will eliminate four altcoins from its platform after monitoring these assets and determining that they did not meet minimum requirements.
Why is Binance Delisting These Altcoins?
Binance delists four altcoins: BOND, DOCK, MDX, and POLS, causing significant market drops. The affected tokens are BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastar. Binance's decision follows a review process, assessing each cryptocurrency based on various factors, including trading volume, development activity, and regulatory compliance. When projects no longer meet Binance's standards, delisting becomes a necessary step to protect users.
Impact on the Market
The news of the delisting sent shockwaves through the market. DOCK fell nearly 30%, MDX by 23.65%, BOND, and POLS over 17%. Investors holding these altcoins experienced significant losses as the value of these tokens plummeted following the announcement.
What Happens to Your BOND, DOCK, MDX, and POLS on Binance?
Binance announced el exchange de criptomonedas Binance ha anunciado que dejará de dar soporte a cuatro altcoins: BarnBridge (BOND), Dock (DOCK), Mdex (MDX) y Polkastar. All BOND, DOCK, MDX, POLS balances in Cross Margin Wallets under the Portfolio Margin account will be automatically converted to USDT from Binance. Users holding these tokens on Binance are advised to withdraw them to an external wallet before the delisting date to avoid any potential issues.
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