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[aryan4]

Binance announced that it will delist 4 altcoins with an announcement today.
The altcoins removed from the list are:
Blockmason Credit Protocol (BCPT)
CyberMiles (CMT)
Time New Base (TNB)
VIBE (VIBE)
What do you think about such arrangements?

 

[aryan4]

Binance exchange can make such updates from time to time for various reasons and notifies its customers. The deadline for the removal of these coins from the lists is February 10, 2021.

 

[Niftyicon]

Binance must have reasons for delisting those coins. It wouldn't be surprising if those coins do not get enough attention from traders and investors,

 

[BullyMaguire]

Binance must have reasons for delisting those coins. It wouldn't be surprising if those coins do not get enough attention from traders and investors,

That's true, I don't even know any of those coins. There's probably a low engagement from those coins on the list or almost nothing at all. That's why they decided to delist them

 

[Niftyicon]

That's true, I don't even know any of those coins. There's probably a low engagement from those coins on the list or almost nothing at all. That's why they decided to delist them

Yo are right. I am not familiar with any of them also bit I have to wonder why the project owners enlisted them on exchanges and did nothing to promote them

 

[achawaskey]

I think those coins were not trading on their platform, there values does not attract investment or staking so those altcoin is just there occupying space for them.

 

[aryan4]

Binance must have reasons for delisting those coins. It wouldn't be surprising if those coins do not get enough attention from traders and investors,

As you stated the biggest reason. Since these coins do not receive enough attention, they are almost never traded, so this is an application. Binance is one of the institutions that frequently updates on this subject.

 

[GoldenLady]

Binance is a business, it seems to make profit. These coins are probably not making any profits for it, seeing how unknown the names are amongst the crypto community.

 

[Brain]

They might have been some shity coins then that wasn't productive to the exchange so no need still keeping them. Doing away with them is just the best bet from my observation

 

[Mariappa45]

They can't simply keep dead coins around their exchange platform. They simply delisted it to create room for other promising coins to occupy the vacant positions.

 

[Flower]

There is absolutely no points keeping non performing coin in the exchange. Business wise, if you aren't making profit from a venture for long , it would be advisable to stop working on it. I think it's the reason for the delisting.

 

[Wisdom01]

Instead of placing idle coin that are not fetching them any gain , so its an opportunity to give chance to other important coin by deluding the lesser ones

 

[Mariappa45]

Many factors simply caused it why Binance exchange consider delisting the four altcoins, they simply can't keep hold of dead coins.

 

[Wisdom01]

Many factors simply caused it why Binance exchange consider delisting the four altcoins, they simply can't keep hold of dead coins.

I actually noticed that they focused more on quality than quantity , probably this influenced their decision to take out the less performing coins

 

[Pousinha]

In such cases, as Binance first alerts its users, these latter can understand those coins begin to make no sense and they may wander if it's the moment to get rid of them to not face losses (at least, to not face bigger losses going on with a cryptocurrency of no value).

 

[sammyblaq]

The decision by Binance is a nice one because there are more than 4 altcoins on their list that causes dust on their platform which has no structure nor future. The coins that you will have to a million but with no value attached.

 

[Wisdom01]

The decision by Binance is a nice one because there are more than 4 altcoins on their list that causes dust on their platform which has no structure nor future. The coins that you will have to a million but with no value attached.

Exactly and most of those coins they delist are easily influenced by small whales , since their volumes are just too low I think and binance have to just delist them

 

[Mariappa45]

I actually noticed that they focused more on quality than quantity , probably this influenced their decision to take out the less performing coins

You're right too, Binance is a quality over quantity kind of stuffs. They can't allow a coin that is simply lacking cohesive or drive to be on their list.

 

[Wisdom01]

You're right too, Binance is a quality over quantity kind of stuffs. They can't allow a coin that is simply lacking cohesive or drive to be on their list.

Exactly they don't want to be like random exchange platform that even list trash coin that have less value ,that is why many users choose binance platform and many coins prays to be listed on the platform

 

[sammyblaq]

Exactly and most of those coins they delist are easily influenced by small whales , since their volumes are just too low I think and binance have to just delist them

They need to come back after removing the 4 and see to remove more because there are coins you never know/knew existing/ed because the whitepaper of such coin gathers no hope.