Cryptocurrency exchanges do not hold listed assets for long periods, often issuing delisting announcements. These announcements are typically seen as negative indicators for the future of the affected altcoins. As this article was being prepared, Coinbase announced the delisting of the altcoin.
DESO Coin Will Be Delisted
Coinbase has just announced that the native token of the decentralized social media platform, DESO, will be delisted. Transactions will be halted on November 8, and this signifies more than just a decrease in liquidity for DESO Coin.
“We regularly monitor to ensure that the assets listed on our exchange meet our listing standards. Based on recent reviews, we will suspend trading for Decentralized Social (DESO) on November 8, 2024, at 2:00 PM ET. We have moved DESO to a limited order book, allowing limit orders to be placed, canceled, and matched.”
The failure to meet listing requirements indicates that things are not going well for the affected altcoin. This suggests that DESO Coin is facing a tough battle regarding its price.
