Binance Sends Four Coins Plunging with Decision to Delist Them
Cryptovest
Published Oct 09, 2018 08:16AM ET
Updated Oct 09, 2018 09:21AM ET
Binance Sends Four Coins Plunging with Decision to Delist Them
Binance, one of the leading cryptocurrency trading platforms, has decided to delist four virtual coins - said on Tuesday.
Binance published the delisting announcement several minutes after 07:15 UTC, causing an immediate price decline for all four coins. Triggers and ChatCoin reacted with the largest drop, plunging by about 30% each an hour after the news became public. Bytecoin lost around 20%, while Iconomi was down by more than 10% at that point.
The coins kept sliding more than two hours after the decision was announced because Binance is the main market for these projects. TRIG traded at $0.19, a 37.35% drop in 24 hours as of 09:23 UTC on Tuesday. The coin clocked $5.8 million in trading volume, and pairs with ...
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