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For cryptocurrency investors, a delisting announcement is the worst news for an altcoin. As this article was being prepared, Coinbase announced the bad news. A popular altcoin with a significant number of investors will be removed from the exchange in mid-next month.
Altcoin Delisting Breaking News
The suspension of trading services for any altcoin by an exchange is defined as a delist. And exchanges delist altcoins, though less frequently than they list them. During periods of weak volumes, this accelerated, but today’s news during a market uptrend indicates a real problem for the altcoin in question.
Coinbase will delist ENJ Coin on June 14 and stated the following in their announcement:
“We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on recent reviews, we will suspend trading for Enjin Coin (ENJ) on June 14, at or around 2:00 PM ET.”
This suggests that similar decisions may soon be made for other altcoins. Following the news, ENJ Coin dropped to $0.334.
