These 5 Altcoins Are Being Delisted from Coinbase: Prices Crashed!

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In the cryptocurrency market, there is the possibility of entering the lists of exchanges as well as exiting them. Coinbase, one of the leading cryptocurrency exchanges, recently announced that it will delist 5 altcoin projects. Following this development, token prices dropped sharply.

Coinbase will delist, altcoin prices crashed!

cryptokoin.comAs you follow from , Coinbase makes updates to the projects in its list after some checks. In a recent development, the leading cryptocurrency exchange announced that it will delist 5 altcoin projects. In this context, Coinbase made the following statement:

We regularly monitor assets on our exchange to ensure they meet our listing standards. Based on recent reviews, we will suspend trading for Crypterium (CRPT), MXC (MXC), Quantstamp (QSP), Ren (REN), TE-FOOD (TONE) on or around 21 PM ET on November 3, 2023.

Meanwhile, the exchange stated that funds will continue to be available. He also noted that users will continue to have the ability to withdraw their funds at any time. In addition, Coinbase announced that it has moved its CRPT, MXC, QSP, REN and TONE order books to limit-only mode. So, he noted, limit orders can be placed and canceled and matches can occur.

After the news, Crypterium (CRPT) price fell sharply. At press time, the altcoin was down over 17% on a daily basis, falling to $0.0487. As you can see from the chart, the token price has recorded a decline in the form of falling off a cliff.

CRPT daily price chart. Source: CoinMarketCap

MXC price also gave a similar price, although not as much as CRPT. The altcoin was down over 6% on a daily basis at press time.

coinbase
MXC daily price chart. Source: CoinMarketCap

Details coming…

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