Throughout 2023, cryptocurrency exchanges have been actively delisting numerous pairs and completely removing certain altcoins from their platforms. These decisions are driven by various reasons, and exchanges like Coinbase, which are striving for more listings, have been making multiple delistings, adding extra risk to these altcoins.
Coinbase, the largest crypto exchange in the US, has made significant moves this year, including expanding globally with its Global version and launching futures trading. The exchange has also been listing dozens of altcoins, which has garnered attention. However, in its quest for growth, Coinbase has also been consistently delisting altcoins.
Such delistings negatively impact investors’ perception of the future of the affected altcoins. A recent announcement from the exchange stated: “We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on our latest reviews, we have decided to delist ATA, DREP, MONA, and SYLO Tokens on January 4th.”
Projects that fail to meet the exchange’s conditions are typically those that have not shown expected progress or have lost the qualifications they had at the time of listing. This raises questions about the long-term performance of the four delisted cryptocurrencies.