Top cryptocurrency exchange Binance has announced it will stop supporting four altcoins, which led to a significant price drop in their market prices.
Binance to Stop Supporting Four Altcoins, Leading to a Price Drop
Major cryptocurrency exchange Binance has announced that it will stop supporting four altcoins, leading to a significant decrease in their market prices.
The four altcoins, which will be delisted on July 22 (03:00 UTC), are BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastar (POLS).
After the announcement, DOCK fell by nearly 30%, MDX dropped by 23.65%, and both BOND and POLS faced losses exceeding 17%. This delisting is part of Binance's regular review process, which may involve adding tokens to a monitoring tag before they are delisted.
Trading pairs like BOND/BTC, BOND/USDT, DOCK/BTC, DOCK/USDT, MDX/USDT, and POLS/USDT will be closed, and all existing trade orders will be automatically canceled post-delisting.
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Moreover, Binance is updating several services to phase out these altcoins completely, including removing them from Binance Simple Earn and Auto-Invest, ending margin trading for these tokens, and delisting them from Binance Convert and Binance Pay on scheduled dates.
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