Binance Set to Delist Six Altcoins on August 19
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Binance Delisting Announcement: Binance will delist six altcoins (CVP, EPX, FOR, LOOM, REEF, VGX) on August 19, 2024, due to their failure to meet the platform's standards following a thorough review process aimed at maintaining asset quality and user safety.
Market Impact: The announcement has already led to significant price drops for the affected coins, with declines of up to 40% observed shortly after the news, highlighting the potential volatility and risks associated with cryptocurrency investments.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
