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