The world’s leading cryptocurrency exchange Binance has made a delisting announcement for 2 altcoins. As Koindeks.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 being delisted from futures. According to the statement, Binance will close its RAY and SRM processes 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 in the middle of these hours.
Cryptocurrency exchange Binance will cancel all pending orders after all these processes. Subsequently, 2 altcoin projects will remove all their parities from continuous futures. In addition, in the statements made, it has not been shared now whether the altcoins in question can continue to be traded in the spot trading pairs on the platform. According to data provided by CoinGecko, both altcoins are on the decline.
After the announcement, there was a decrease
Raydium has lost 98 percent of its price since last year. The project, which continued to 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 percent in the last 24 hours. The other altcoin Serum, on the other hand, has declined by 98.7 percent in the last 1 year. However, during the crisis, SRM lost 70 percent of its value. Currently, it continues to see the process at $ 0.222272, with a decrease of 19 percent in the last 24 hours.