Mass Crypto Exodus: Why Major Exchanges Are Delisting Tokens At Unprecedented Rates

Mass Crypto Exodus: Why Major Exchanges Are Delisting Tokens At Unprecedented Rates

Crypto exchanges have recently been making moves to streamline their offerings, and an unprecedented number of digital tokens are being shown the exit. As Bitcoin commands renewed interest and experiences a revival, it’s ironic to witness numerous other tokens getting the chop from major platforms.
According to data compiled by Kaiko, the numbers are clear: 3,445 tokens or trading pairs are on the chopping block, having been rendered inactive or slated for imminent delisting. In a comparative analysis, this figure overshadows last year’s numbers by 15% and even doubles those of the year prior, as reported by Bloomberg.
Major Exchanges Taking The Lead
Coinbase Global Inc. and Binance, the two behemoths in cryptocurrency exchanges, have been proactive in this culling exercise. Surprisingly, this month alone has seen over 100 tokens being delisted from these platforms.
Data from researcher CCData pinpoints that Coinbase removed 80 pairs just in October – an unparalleled monthly fig

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