{"id":7206,"date":"2023-11-27T14:37:31","date_gmt":"2023-11-27T14:37:31","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=7206"},"modified":"2023-11-27T14:37:31","modified_gmt":"2023-11-27T14:37:31","slug":"binance-delist-multiple-altcoins","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/binance-delist-multiple-altcoins\/","title":{"rendered":"Binance Delists Numerous Altcoins!"},"content":{"rendered":"<p>One of the world&#8217;s largest cryptocurrency exchanges, Binance, announced on November 27, 2023, that it will delist all trading pairs for five altcoins and cease their trading. These altcoins are:<\/p>\n<ul data-sourcepos=\"5:1-9:0\">\n<li data-sourcepos=\"5:1-5:25\">Bitcoin Superstar (BTS)<\/li>\n<li data-sourcepos=\"6:1-6:15\">Perlin (PERL)<\/li>\n<li data-sourcepos=\"7:1-7:13\">Torn (TORN)<\/li>\n<li data-sourcepos=\"8:1-9:0\">Waltonchain (WTC)<\/li>\n<\/ul>\n<p data-sourcepos=\"10:1-10:135\">This decision has resonated widely in the cryptocurrency market. So why did Binance take this decision? What will be the effects of this decision on the market?<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/binance-delist-multiple-altcoins\/#Reasons_for_Binances_Decision\" title=\"Reasons for Binance&#8217;s Decision\">Reasons for Binance&#8217;s Decision<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/binance-delist-multiple-altcoins\/#Market_impacts_of_Binances_decision\" title=\"Market impacts of Binance&#8217;s decision\">Market impacts of Binance&#8217;s decision<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 data-sourcepos=\"12:1-12:34\"><span class=\"ez-toc-section\" id=\"Reasons_for_Binances_Decision\"><\/span><span style=\"font-size: 85%;\"><strong>Reasons for Binance&#8217;s Decision<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-sourcepos=\"14:1-14:385\">According to Binance&#8217;s announcement, this decision was taken to provide a better experience for its users and to reduce risks. The exchange stated that the delisted altcoins had low market volume, inadequate liquidity, and were technically weak. Moreover, it was suggested that these altcoins could be associated with crimes such as fraud or money laundering.<\/p>\n<blockquote><p><strong>You might like it:<a href=\"https:\/\/coinengineer.net\/blog\/million-dollar-lock-opening-for-dydx\/\">Million Dollar Lock Opening for dYdX<\/a><\/strong><\/p><\/blockquote>\n<div class=\"markdown markdown-main-panel\" dir=\"ltr\">\n<h3 data-sourcepos=\"16:1-16:42\"><span class=\"ez-toc-section\" id=\"Market_impacts_of_Binances_decision\"><\/span><span style=\"font-size: 95%;\"><strong>Market impacts of Binance&#8217;s decision<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-sourcepos=\"18:1-18:229\">Binance&#8217;s decision caused significant drops in the prices of the delisted altcoins. The prices of BTS, PERL, and TORN tokens fell by over 50% following the announcement. The price of the WTC token dropped by more than 20%.<\/p>\n<p data-sourcepos=\"20:1-20:279\">The longer-term effects of this decision on the market are not yet known. However, some analysts are concerned that this decision may lead to a loss of confidence in the cryptocurrency market. It is also indicated that it may cause significant losses for the investors of the delisted altcoins.<\/p>\n<p data-sourcepos=\"24:1-24:242\">Binance&#8217;s decision is a significant development for the cryptocurrency market. This decision shows that exchanges are becoming more selective and are taking steps to reduce risks. However, the long-term effects of this decision on the market are not yet known.<\/p>\n<p data-sourcepos=\"26:1-26:253\">Binance&#8217;s decision requires investors to be more careful before investing in cryptocurrencies. Considering the delisting risk, investors may prefer to invest in altcoins with high market volume and good liquidity.<\/p>\n<hr \/>\n<p data-sourcepos=\"26:1-26:253\"><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can present your own thoughts as comments about the topic. Moreover, you can follow us on\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram<\/strong>\u00a0and\u00a0<\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>\u00a0channels for this kind of news.<\/em><\/p>\n<\/div>\n<p>&nbsp;<\/p>\n<p><span id=\"ginger-button-for-rephrase\" style=\"left: 295px; top: 330.984px; position: fixed; z-index: 51; visibility: visible;\" title=\"Rephrase\"><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of the world&#8217;s largest cryptocurrency exchanges, Binance, announced on November 27, 2023, that it will delist all trading pairs for five altcoins and cease their trading. These altcoins are: Bitcoin Superstar (BTS) Perlin (PERL) Torn (TORN) Waltonchain (WTC) This decision has resonated widely in the cryptocurrency market. So why did Binance take this decision?<\/p>\n","protected":false},"author":1,"featured_media":7205,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[22,2524,2581,1515,2582,2583,2584],"class_list":["post-7206","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exchange-news","tag-binance","tag-binance-altcoins","tag-binance-bitcoin-superstar","tag-binance-delist","tag-binance-perlin","tag-binance-torn","tag-binance-waltonchain"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Binance Delists Numerous Altcoins! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"ne of the world&#039;s largest cryptocurrency exchanges, Binance, announced on November 27, 2023, that it will delist all..\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/binance-delist-multiple-altcoins\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Binance Delists Numerous Altcoins! 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