The largest US cryptocurrency exchange Coinbase has announced that it will delist an altcoin.
Coinbase announced via official social media on Monday, March 18th that it will delist Unifi Protocol DAO (UNFI).
Coinbase stated that the crypto asset no longer meets listing standards:
We regularly examine assets listed on our exchange to ensure that they meet our standards of listing. Based on our recent reviews, we will be suspending the trading of Unifi Protocol DAO (UNFI) starting around 2:00 PM ET on April 1, 2021.
Coinbase will delist the mentioned cryptocurrency from the platform as of 9:00 PM GMT on April 1st.
Coinbase also added that only limit orders will be allowed in trading the mentioned cryptocurrency until the delisting process is completed.
Meanwhile, UNFI is still being listed by some cryptocurrency exchanges such as Binance and Bitget.
According to CoinGecko data, UNFI experienced a significant drop with the news. With the impact of Bitcoin’s decline, UNFI dropped by 25% from $7.67 to $5.77. At the time of writing, UNFI is trading at around $5.78.
