Binance Delists Altcoins Amid Market Turmoil
Key Summary
Binance announces the delisting of Epic Chain (EPIC) and QuickSwap (QUICK) due to failure to meet rigorous criteria, leading to significant price drops in the involved altcoins. The move highlights the exchange's commitment to maintaining high standards and adapting to evolving market dynamics.
Delisting of Epic Chain (EPIC) and QuickSwap (QUICK)
Binance, the world's leading cryptocurrency exchange, announced the delisting of Epic Chain (EPIC) and QuickSwap (QUICK) due to failure to meet rigorous criteria.
Key Factors
Binance considers various factors when evaluating cryptocurrencies, including trading volume, liquidity, team commitment, network security, and development activity.
The exchange found that Epic Chain and QuickSwap failed to meet these standards, prompting the decision to terminate all services.
Delisting Process
The delisting process will be completed in phases, with the assets being removed from the Copy Trading section on October 21 and spot trading services a week later.
Deposits of the tokens will not be credited to users' accounts after October 29, while withdrawals will be supported until December 28.
Market Impact
The delisting of Epic Chain and QuickSwap has negatively impacted the involved altcoins, with EPIC plunging 15% and QUICK slipping 22% in a single day.