NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Price Slips Below $108,000: Peter Schiff Anticipates ‘Brutal’ Bear Market, CZ Responds

Binance to Continue Delisting Subpar Crypto Assets: Brutality of the 15-Month Bear Market

Samuel Wan
Samuel Wan
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Binance CEO Changpeng Zhao reaffirmed his commitment to users yesterday by discussing the recent delisting of crypto assets from the platform.

This took place via a live stream AMA on Twitter yesterday at 21:00 EST. In it, he covered a variety of Binance related news, including help for new projects via Launchpad, and challenges facing Binance this year. But from a broader investor perspective, his comments on failing projects brought to light a continuation of bearish sentiment.

1-Year Valuation of the Crypto Market (Source: Coinmarketcap.com)

Maintaining Crypto Standards

Binance maintains a rigorous standard of policies to protect investors. And in the event of falling standards, the exchange has no choice but to delist a project. These standards are presented in their recent statement announcing the delisting of CLOAK, MOD, SALT, SUB, and WINGS.

Zhao expands upon these points by talking about the importance of having a large user base and providing utility value. But most emphatically, with regards to delisting factors, he draws attention to poor communication, and lack of response to status inquiry updates. Clarifying this stance, the Binance CEO objectively stated:

“When we list a project, we go for a certain number of criteria, and over time some projects might fall below that standard, and when they do we have to delist.”

And while Zhao acknowledges the detrimental effects of delisting, he continues to maintain a position of upholding the greater good:

“By delisting coins we realize that we hurt ourselves [and our users that hold that coin].  But the projects have to defend themselves, and most will go on with or without us.”

The latter part of 2018 saw a multitude of delistings from exchanges including Binance, OKEx, Huobi, and Kucoin. This recent cull is further evidence of a continuing decline in standards across the entire industry.

https://t.co/3FlqIp585L

— Binance (@binance) March 5, 2019

The Ongoing Bear Market

It’s clear that many cryptocurrencies will not survive the bear market. Exchange delistings will happen during tough times, but it’s still shocking to hear of significant projects struggling – which is symptomatic of deeper set issues throughout the market.

In Substratum’s case, their announcement to day trade ICO funds to maintain capital was a significant blow. In his rebuttal to the delisting, Substratum CEO Justin Tabb was quick to deny any wrongdoing.  However, this proved to be too little too late. Furthermore, with increasing regulatory pressure to legitimize the space, it’s inevitable that struggling projects will continue to fall out of favor.

Binance Delisting Factors Explained https://t.co/szGttvudel #substratum $sub #cryptocurrency #bitcoin #blockchain #technology #decentralized

— Substratum (@SubstratumNet) February 21, 2019

As one of the largest exchanges, Binance must maintain quality standards and a high level of integrity. Part of that is reducing the risk to investors by delisting projects that no longer meet those standards. While this is painful in the short-term, it is an excellent example of how the crypto-space is maturing.

Exchanges have a responsibility to maintain standards.  And by concentrating on listing and maintaining only high-caliber projects, a sustainable future is more likely.

Tweet123Share224ShareSend
Samuel Wan
Samuel Wan

Samuel Wan

Samuel Wan is passionate about different cultures and eating good food. He has years of experience working in business and finance — a burgeoning interest in Bitcoin and cryptocurrencies since 2017. UK based.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum

Ethereum’s Open Framework Is A Playground For Grifters — Here’s Why

The Ethereum network was built to democratize a finance platform where anyone, anywhere, could deploy code and create value. With...

Godspower Owie 2 hours ago

Snorter Bot 代幣最後機會入場!距離領取倒數6天 潛在 2260 倍暴漲在即?

Snorter Bot Token (SNORT)的最後買入周正式開啟。專案宣佈將買入期限延長至 10 月 27 日 UTC 時間下午 2 點,這也是投資者在認領階段上線前的最後機會。 只剩6天倒計時...

newsbtc 3 hours ago
Solana SOL SOLUSD

Analysts See $250 Rally Ahead as Solana Holds Key Support and Trading Volume Surges

Solana (SOL) is back on the front foot after a choppy week, trading near $194 and holding a critical support...

James Halver 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

bitcoin

Bitcoin Enters ‘Disbelief Phase’ – Could Short Sellers Face The Next Squeeze?

Ash Tiwari 52 minutes ago
Ethereum

Ethereum Death Cross That Last Preceded A 60% Drop Just Returned

Keshav Verma 1 hour ago
bnb-price-analysis-market-rebound-boosts-bitcoin-hyper-presale-24m-tw

BNB價格分析反彈重燃市場信心 資金回流推動Bitcoin Hyper預售破2,400萬美元!

Mark Mak 2 hours ago

Premium Sponsors

Press Releases

  • 仮想通貨おすすめ:政府閉鎖で注目高まるCPI発表と次回利下げを巡るFRBの動き

    ...

    14 hours ago
  • ドージコイン 今後の価格予測:0.86ドル到達の可能性、次世代ミームトークンが10倍成長か

    ドージコイン...

    14 hours ago
  • リップル 今後 に注目:オプション市場の強気転換が示すBTC・ETHからXRP・SOLへの資金移動

    リップル 今後...

    14 hours ago
  • 新しい仮想通貨が急上昇:レイヤー2プレセールで2,500万ドル目前

    ...

    15 hours ago
  • コインベース市場回復前に注目すべき仮想通貨プレセール銘柄

    ...

    15 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.