Coinbase’s Delist Announcement Led to a Sharp Drop in Altcoin Price!

Coinbase, the largest cryptocurrency exchange in the USA, announced that it will delist an altcoin.

coinbase Tuesday, November 21 His picture on social media on the day sharing with Polymath (POLY) He announced that he would delist.

coinbase In his statement, he stated that the cryptocurrencies in question no longer comply with the listing standards:

We regularly monitor the assets on our exchange to ensure they comply with listing standards. Based on recent reviews, we will be suspending Polymath (POLY) trading around 2:00 PM ET on December 5, 2023.

coinbase In this context, the altcoin in question TSI 5 December 21.00 It will be delisted from the platform as of now. The exchange also stated that investors can withdraw the cryptocurrencies in question at any time.

On the other hand, after the delist news, there was a significant loss in value in the relevant cryptocurrency. CoinGecko According to data, at the time the news came from $0.208 traded POLY from 20% with a lot of decline 0.167 to the dollar declined. POLY, in its current state from $0.185 finds buyers.


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