What happens to my cryptocurrency if a coin is delisted from an exchange?

3 answers

• Feb 19, 2022 · 3 years ago
  When a coin is delisted from an exchange, it means that the exchange will no longer support trading of that particular coin. If you have any holdings of that coin on the exchange, you will no longer be able to trade or sell it on that platform. However, you will still have ownership of the coin itself, and it will remain in your wallet. To continue trading or selling the delisted coin, you will need to find another exchange that still supports it.
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• Feb 19, 2022 · 3 years ago
  If a coin is delisted from an exchange, it can have a negative impact on its value and liquidity. The delisting may be due to various reasons such as lack of trading volume, regulatory issues, or security concerns. As a result, the price of the delisted coin may drop significantly, and it may become difficult to find buyers for your holdings. It's important to stay updated with the latest news and announcements from exchanges to avoid any potential losses.
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• Feb 19, 2022 · 3 years ago
  When a coin is delisted from an exchange, it can be a sign of concern for investors. It indicates that the exchange no longer sees value in supporting that particular coin. This can lead to a loss of confidence in the coin and may result in a decrease in its overall market value. It's always a good idea to diversify your cryptocurrency holdings across different exchanges to mitigate the risk of delisting affecting your portfolio. At BYDFi, we prioritize the listing of reputable and promising coins to ensure a secure and reliable trading experience for our users.
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