The world’s leading cryptocurrency exchange Binance has made a delisting announcement for 2 altcoins. As Kriptokoin.com, we convey the statement made by Binance to you.
Leading cryptocurrency exchange delists 2 altcoin projects
In the official statement released Monday, November 14, Raydium (RAY) and Serum (SRM) are delisted from futures. According to the statement, Binance will close its RAY and SRM transactions on November 15. The time in the statement was reported as 04:00 to 04:30 UTC (7:00 to 7.30 CEST). The delist process will take place automatically between these hours.
Cryptocurrency exchange Binance will cancel all pending orders after all these transactions. Then, it will remove all its parities from continuous futures in 2 altcoin projects. In addition, in the statements made, it has not been shared yet whether the altcoins in question can continue to be traded in spot trading pairs on the platform. According to data provided by CoinGecko, both altcoins are bearish.
After the announcement, there was a decrease
Raydium has lost 98 percent of its value since last year. The project, which continued its decline during the FTX crisis, has dropped by 55.5% in the last 7 days. It is currently trading at $0.226520, down 0.5% in the last 24 hours. The other altcoin Serum, on the other hand, has decreased by 98.7 percent in the last 1 year. However, during the crisis, SRM lost 70 percent of its value. Currently, it continues to trade at $0.222272, down 19 percent in the last 24 hours.
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