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?
Share
Sign Up to our social questions and Answers Engine to ask questions, answer people's questions, and connect with other people.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
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?
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.
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.