$When Binance removes a cryptocurrency from its platform, it's called delisting. You can no longer trade that coin once the deadline is reached.
*Why Does Binance Delist Coins?* ๐ค
- *Low Trading Volume*: Not enough buyers/sellers.
- *Weak Project Development*: Developers abandon or neglect the project.
- *Security Concerns*: Risk of hacks, scams, or vulnerabilities.
- *Regulatory Issues*: Project breaks laws in certain countries.
- *No Community/Adoption*: People lose interest.
*What Happens After Delisting?* ๐
- *Trading Pairs Removed*: Can't buy/sell on Binance.
- *Price Crash*: Investors panic and sell.
- *Liquidity Drops*: Trading becomes harder.
*What Should Investors Do?* ๐ก
- *Stay Updated*: Binance posts delisting notices in advance.
- *Decide Early*: Sell before delisting or withdraw to another exchange/wallet.
- *Diversify*: Don't keep all your money in one coin.