Coinbase, the largest cryptocurrency exchange in the United States by trading volume, is persisting with a series of delisting announcements. Following the recent decision to delist four altcoins, the exchange has now declared that another altcoin, Aragon (ANT), which is currently traded on Binance, will be delisted next month.
The exchange has previously stated that projects failing to meet certain standards would be subject to delisting. If projects do not progress as expected or diverge from their initial promises, the review teams may decide to delist them.
Coinbase’s decision to delist ANT Coin raises questions, even though it continues to be traded on other exchanges. The exact reason behind the delisting by one of the most regulated cryptocurrency exchanges in the U.S. remains undisclosed. Coinbase stated the following:
“We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on our latest reviews, we will suspend trading for Aragon (ANT) on January 5, 2024.”
Despite the delisting news, ANT Coin’s market sentiment remains positive, with the coin trading at $5.82, marking a 1% increase for the day.
Coinbase’s ongoing delisting process reflects its commitment to maintaining a robust and compliant trading environment, setting a precedent for other exchanges to ensure the quality and reliability of traded assets.