Last year’s consecutive altcoin delisting announcements have determined which altcoins will not be able to enter the new bull season. Delisting announcements by major exchanges can often have devastating consequences. The latest move at least indicates that the relevant altcoin has become risky, at least for the US region.
Why Is BOND Coin Falling?
BarnBridge (BOND) will be delisted by the US arm of the Binance exchange on January 17. The exchange, which had a regulator appointed at the end of November, must act much faster in terms of legal compliance. The reason for the recent decision is not clear, but Binance US lists several possible reasons.
Why does Binance decide to delist?
- Changes in the risk profile of the crypto asset token
- Contribution to a healthy and sustainable crypto ecosystem
- Trading volume and liquidity
- Regulatory position in the United States
- Lack of provable progress and growth in development activities
- Changes in the network’s resilience against external or internal attacks
- Network/protocol stability
- Weakness of interest
- Evidence of unethical/scam behavior or negligence
BOND Coin is still being traded on the Binance global exchange. The price dropped to $3.38 following the recent news, despite the recovery in the price of BTC.
