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Skeptic’s lens: The delisting purge has begun

by Larry Cermak

February 27, 2019, 5:13AM EDT  ·  3 min read

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

by Larry Cermak

February 27, 2019, 5:13AM EDT  ·  3 min read

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.