Binance Prepares to Take Down Bytecoin, BCN Rate Drops Almost 18 Percent

The world’s biggest exchange Binance made an announcement about the delisting of four coins: Bytecoin (BCN), ChatCoin (CHAT), Iconomi (ICN) and Triggers (TRIG)

Tue, 9/10/2018 - 16:07

Binance Prepares to Take Down Bytecoin, BCN Rate Drops Almost 18 Percent

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On Tuesday, the world’s biggest exchange Binance made an announcement in its blog about the delisting of four coins: Bytecoin (BCN), ChatCoin (CHAT), Iconomi (ICN) and Triggers (TRIG).

Binance Will Delist $BCN, $CHAT, $ICN, $TRIG https://t.co/B9KccEH4IQ pic.twitter.com/JgVgRME3zD
— Binance (@binance) October 9, 2018

The news has hit BCN in particular, taking it down almost 16 percent. By now, the drop is already 17.29 percent, the coin is trading at $0,001821.

The Binance CEO explains that the exchange team plans to conduct full reviews of every listed coin from time to time to ensure the assets keep their high quality. Should any coin go below a certain level, it is in for a closer and deeper review and gets on the list for taking off.

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The aforementioned coins are to kiss Binance goodbye on Oct. 12 in the morning (10 a.m. UTC).

About the author

Yuri Molchan

Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He has written for multiple crypto media outlets. His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.