Why do some cryptocurrencies get delisted while others remain available for trading?
Sharvin ManjrekarDec 24, 2021 · 3 years ago1 answers
What factors contribute to the delisting of certain cryptocurrencies while others continue to be available for trading?
1 answers
- Dec 24, 2021 · 3 years agoAt BYDFi, we believe in providing our users with a wide range of cryptocurrencies to trade. However, the delisting of certain cryptocurrencies is a common practice in the industry. There are various factors that can contribute to the delisting of a cryptocurrency. One factor is the lack of trading activity. If a cryptocurrency has low trading volume and does not generate enough interest, it may be delisted to make room for more active coins. Another factor is regulatory compliance. If a cryptocurrency fails to meet the regulatory requirements or is involved in illegal activities, exchanges may choose to delist it to ensure compliance and protect their users. Ultimately, the decision to delist a cryptocurrency is made to maintain a safe and efficient trading environment for our users.
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