I got to know my coins have been delisted on binance two nights ago. Only if I knew what that means exactly. What does it mean and how do I go about resolving it?
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I got to know my coins have been delisted on binance two nights ago. Only if I knew what that means exactly. What does it mean and how do I go about resolving it?
Generally, when a crypto is delisted from an exchange, it’s because the coin does not have enough volume. It means that people don’t trade this coin enough, so exchange doesn’t make enough money with this coin. Or sometimes, it’s because the coin appears to be a scam or has a major issue.
When an asset gets delisted from an exchange, all of its trading pairs are removed. The asset can still potentially be traded on other exchanges, or through over the counter trading (OTC), but trading activity on the exchange that delisted that asset will cease. After the trading pairs associated with the delisted asset are removed, the assets withdrawals from the exchange will remain open for a specified period of time after the delisting. This way, users have the option to withdraw their existing funds kept on the exchange even though trading is no longer available on the platform.