Cryptocurrency exchanges regularly evaluate the status of the altcoins listed on their platforms and make delisting decisions. We have been seeing this happen frequently for the past few months. While delisting is primarily associated with altcoins that fail to attract liquidity, concerns about the progress of a project can also influence delisting decisions. Coinbase has just announced its latest decision.
Breaking News: Altcoin Delist Announcement
Coinbase has announced that QUICK Coin will be delisted on December 6. This decision has surprised investors as they were expecting the altcoin to be relisted after a token split. Especially during these uncertain times when Binance‘s compromise raised doubts among investors, Coinbase’s actions have gained even more significance.
The announcement states:
“We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on recent reviews, we will be suspending trading of QuickSwap (QUICK) on December 6. QUICK is releasing a new version split at a ratio of 1000:1, and we do not plan to support this.”
If you still hold QUICK after trading is suspended, you will need to convert it using the conversion contract and a compatible self-custodial wallet.”
Following the news, the price dropped to $0.049.
