Skeptic’s lens: The delisting purge has begun

Quick Take

  • This year could be the year of token delistings from major exchanges
  • Exchanges delist when a token’s volume is so low that it no longer makes sense to expose the exchange to risks associated with the project
  • Delistings from large exchanges will likely be the nail in the coffin for the struggling projects

Binance, which currently allows trading of more than 150 tokens, announced less than two weeks ago that it will be delisting five projects from the exchange – CloakCoin, Modum, SALT, Substratum and Wings. According to Binance, the delisted projects no longer fulfill the necessary standard after conducting new reviews.

OKEx, which also lists a tad more than 150 tokens, has been delisting projects left and right.