A prominent crypto exchange Poloniex has announced a major change at the platform intending to to delist six cryptocurrencies. The company sent users a letter in which they disclosed the details of delisting.
According to the report, delisting will cover Steem (STEEM), Clams (CLAM), GameCredits (GAME), LBRY Credits (LBC), Navcoin (NAV), and Pascal (PASC).
Trade will be closed on October 15, and withdrawals are available until November 15. Users need to withdraw their assets in the above coins before this deadline.
Poloniex did not explain the reasons for delisting but reported that this was due to the policy of its parent company Circle. All altcoins, except Steem and Navcoin, fell significantly after the announcement. The market price of Pascal fell by 62% over the past day, GameCredits lost 19% of the value, LBRY Credits 17%.
Also, the scandalous situation associated with CLAM ends. For reference, the price of CLAM in two hours fell by 40% on May 26. This caused the Poloniex price crisis and the default of several CLAM / BTC margin loans. Poloniex made every effort to resolve the situation, promising to compensate all victims of the sudden incident. After the delisting announcement, the value of altcoin’s CLAM fell by 49%.