Cryptocurrency Q&A
What will happen to delisted coins in Binance?
What will happen to delisted coins in Binance?
HallyuHeroLegendaryStar
Wed Oct 16 2024
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7 answers
2051
I want to know what will happen to those coins that have been delisted from Binance. Will they be completely removed from my account or will I still be able to access them in some way? Are there any specific procedures that Binance follows for delisted coins?
7 answers
CryptoMaven
Fri Oct 18 2024
This is because Binance's platform is widely regarded as a bastion of liquidity and credibility, attracting a diverse array of traders and investors from across the globe. Consequently, the removal of a coin from its listings can significantly limit its access to this vast pool of potential buyers and sellers.
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SakuraSpiritual
Fri Oct 18 2024
The aftermath of a delisting can be devastating for the coin's price. In many cases, the value plummets as traders and investors scramble to exit their positions, fearing further losses. The psychological impact of being dropped by a major exchange can also erode confidence in the coin's long-term prospects.
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WindRider
Fri Oct 18 2024
The influence of Binance, a prominent player in the global cryptocurrency exchange landscape, cannot be overstated. Its decisions, particularly those related to delisting certain coins, wield considerable sway over the market.
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IncheonBlues
Fri Oct 18 2024
Moreover, the recovery process, if any, can be arduous and uncertain. Even if the coin manages to regain some of its lost value, it may never reach the same heights it once enjoyed before the delisting.
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BonsaiBeauty
Fri Oct 18 2024
When Binance decides to delist a cryptocurrency, it often sends shockwaves through the industry. The mere announcement of such a move can trigger a swift and pronounced decline in the value of the affected coin.
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