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Binance Set to Delist Four Altcoins on July 22

08.07.2024 12:30 1 min. read Alexander Stefanov
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Binance Set to Delist Four Altcoins on July 22

Top cryptocurrency exchange Binance has announced it will stop supporting four altcoins, which led to a significant price drop in their market prices.

The four altcoins, that will be delisted on the 22nd of July (03:00 UTC), are: BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastar (POLS).

Following the announcement, DOCK fell nearly 30%, MDX dropped by 23.65%, and BOND and POLS both saw losses exceeding 17%. This delisting is part of Binance’s regular review process, which sometimes involves adding tokens to a monitoring tag before removal.

Trading pairs like BOND/BTC, BOND/USDT, DOCK/BTC, DOCK/USDT, MDX/USDT, and POLS/USDT will be halted, and all existing trade orders will be automatically removed post-delisting.

Additionally, Binance is updating various services to phase out these altcoins entirely, 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 according to scheduled dates.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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