Binance Futures Delists Five Major Cryptocurrencies, ApeCoin (APE) Too

the delisting of five major cryptocurrencies, including ApeCoin . The decision comes amid increasing regulatory scrutiny faced by the exchange globally.Binance Futures revealed that it would close all positions and conduct automatic settlements on the COIN-M perpetual contracts of KNCUSD, ICXUSD, XTZUSD, ROSEUSD and APEUSD. These closures are scheduled for May 20 and May 21, respectively. Following the settlements, the contracts will be delisted from the platform.

ApeCoin, once a highly popular cryptocurrency, has also been impacted by this decision. Despite its status as a top 101 is not unprecedented, as the exchange has faced increasing regulatory pressure in recent times. The regulatory crackdown has resulted in the former CEO, With the delisting of these major cryptocurrencies, traders are urged to take necessary precautions to avoid potential liquidation.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.Kraken v. SEC: What's New in Legal Saga?

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