Last year’s series of delisting announcements from major cryptocurrency exchanges have determined which altcoins may not survive the upcoming bull market. These delistings can have devastating effects, and the latest decision indicates that the affected altcoin is now considered risky, at least in the US region.
BarnBridge (BOND) is set to be delisted by the US arm of Binance on January 17. Following a November agreement that placed a monitor over the exchange, Binance US is compelled to act more swiftly on regulatory compliance. The specific reason for the delisting is unclear, but Binance US has listed potential justifications.
Reasons for Binance’s delisting decisions include changes in the risk profile of a crypto asset token, contribution to a healthy and sustainable crypto ecosystem, trading volume and liquidity, regulatory standing in the United States, lack of evidence of development activity progress and growth, changes in network resilience to internal or external attacks, network/protocol stability, waning interest, and evidence of unethical/scam behavior or negligence.
Despite the delisting news, BOND Coin continues to be traded on the global Binance exchange. However, its price has fallen to $3.38, even in the wake of a recovery in BTC prices.
