Just recently, the OKEX team informed their clients through Twitter that they are getting set to delist ByteCoin (BCN).
This sudden move is due to a technical issue that hasn’t been attended to by the coin’s development team. They went ahead to give the exact time, the delisting process will be happening.
The OKEX team wrote: “Our regular monitoring of Bytecoin found that the project has been exposed to a critical technical issue that has been left unhandled. To protect the interests of our users, OKEx will delist all BCN trading pairs at 19:00 Oct 12, 2018 (HKT). All depositing and trading services of BCN will be terminated after the date. Users should cancel their BCN orders from our platform. If your order is not canceled in time, the order will be canceled by the system and your asset will be credited to your trading account.”
Bytecoin (BCN) Price Today – BCN / USD
Price 24H (%) 1.33%
November 1st is the deadline date for Withdrawals
Holders of BCN have been given till 1st November 2018 (Hong Kong Time) to withdraw all their coins to wallets of their choice. After this date, BCN will no longer be supported by OKEX.
BCN delisted by Binance on 12th October.
Binance, on October 9th made a similar announcement when it said that from 10am (UTC) October 12th, four digital assets will be delisted. These coins include:
- Iconomi (ICN)
- ChatCoin (CHAT)
- Triggers (TRIG)
- Bytecoin (BCN)
From 12th November, 10am (UTC), Binance will stop supporting the withdrawals of these tokens and coins on its platform.
Response of the Market
CHAT, BCN, TRIG and ICN, ever since the announcement made by Binance to delist them, have continued on a downward spiral in the crypto markets which has been accelerated by the slight crash of Bitcoin that happened just recently. In minutes, Bitcoin lost $400 which coincides with a similar decline that also occurred in Wall Street.
Since 9th October, the value of BCN has dropped from $0.0022 to $0.0014 (a 36.4% drop in less than seven days)