- Poloniex announces delisting of seven coins, no explanations given.
- The price of the affected assets drops significantly.
A US-based trading platform for digital assets announced delisting of seven coins - Pascal (PASC), Steem (STEEM), Navcoin (NAV), GameCredits (GAME), LBRY Credits (LBC) и Clams (CLAM). The announcement to that effect has been made in the regular newsletter to cryptocurrency customers.
“On Tuesday, October 15th, at 16:00 UTC, trading for Pascal (PASC), Steem (STEEM), Navcoin (NAV), GameCredits (GAME), LBRY Credits (LBC), and Clams (CLAM) will be permanently disabled on Poloniex. Please finalize all trades in these assets prior to October 15th. Once delisted, there will be a window of time provided to withdraw the remaining balance in these assets,” the announcement says as quoted by a Reddit user.
The trading will become unavailable as of October 15, however, users will have time to withdraw LBRY Credits (LBC) until October 28; PASC, STEEM, NAV, GAME, CLAM - until November 15.
The exchange does not explain the decision to delist the above-said coins;
Notably, CLAM and PASC crashed by over 47% in recent 24 hours with many traders believe that Poloniex decision might have exacerbated the sell-off. LBC lost over 15%, GameCredits is down 25%.
Earlier this year Poloniex delisted 23 trading pairs with low liquidity.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.
Latest Crypto News & Analysis
Editors’ Picks
XRP drops below $0.3000, ETH at risk of an extended correction
BTC/USD hit the intraday low at $11,086 during early Asian hours and recovered to $11,226 by press time. The first digital coin has stayed mostly unchanged on a day-to-day basis and since the beginning of the day, moving within a short-term bullish trend amid shrinking volatility.
XRP/USD under $0.3000 after Ripple announces the investment in XRPL Lab
Ripple's XRP dropped below $0.30 after a failed attempt to settle above $0.3200 during early Asian hours. The coin has lost over 4% in the recent 24 hours and stayed mostly unchanged since the beginning of the day.
Leading blockchain auditing firm predicts Cardano will outperform Tezos
ADA/USD bulls remained in control for the third straight day and the price is consolidating in a pennant formation. It’s current priced at $0.1443. The Elliott Oscillator has had seven straight red sessions.
Altcoin Market Update: ETC and XLM face continual bearish correction
ETC/USD bears stayed in control for the fourth straight day. ETC/USD is currently priced at $7.13. The sellers are looking to get the price below the $7-level.The RSI is trending horizontally around 59.46.
Bitcoin Weekly Forecast: Fasten your seatbelts, next stop is $12,000
Bitcoin has had its best week since mid-2019. The first digital currency gained over 18% in a single week and hit the new highest level of 2020. At the time of writing, BTC/USD is changing hands at $11,358 and the upside momentum is gaining traction as Bitcoin bulls are pushing at the upper line of the weekly Bollinger Band.