In the world of cryptocurrencies, the listings and delistings by exchanges continue to hold significant importance. Decisions made by large-volume exchanges can trigger notable price movements due to their impact on trading volumes. A significant announcement was made on Coinbase‘s X account a few minutes ago.
Delisting News from Coinbase
Coinbase made a notable announcement. It was stated that four cryptocurrencies, including one in the New York region, were delisted. Coinbase first announced on June 18 that support for SNX in the New York region would be removed, and the announcement confirmed this.
The announcement was as follows:
We have disabled trading for Synthetix (SNX) in New York. Your funds will remain accessible to you, and you will continue to have the ability to withdraw your funds at any time.
Following this announcement, it was also stated that COVAL, RAI, and wAMPL were delisted. The announcement was as follows:
We have disabled trading for Circuits of Value (COVAL), Rai (RAI), and Wrapped Ampleforth (wAMPL). Your funds will remain accessible to you, and you will continue to have the ability to withdraw your funds at any time.
Investors are curious about how this situation has affected prices.
How Much Are the Altcoins Worth?
First, looking at the SNX price, despite a 2.19% increase in the last 24 hours, it appeared to have dropped from $1.98 to $1.95 following the news. SNX’s trading volume reached $644 million after the price movement.
Following SNX, looking at COVAL, it was trading at $0.007235 after a 1% drop in the last 24 hours. COVAL’s market volume was calculated to be only $12 million.
For RAI, a price analysis showed a similar increase to SNX. After a 2.17% rise in the last 24 hours, it was at $2.91. Despite this, RAI’s market volume was only $4.6 million.
