Binance Delists Epic Chain and QuickSwap Amid Market Volatility
Major exchange removes two digital assets as Ethereum network maintenance is scheduled for mid-October.
1Strategic Asset Delisting Process
Binance has officially announced the removal of Epic Chain and QuickSwap from its platform. This decision follows a rigorous evaluation process where the exchange assesses trading volume, liquidity, and project development activity. The company maintains that these standards are essential to protect users and adapt to the rapidly evolving global cryptocurrency market dynamics.
2Timeline for Service Termination
The delisting process occurs in distinct phases to manage user assets effectively. Copy trading services for these tokens will cease on October 21, followed by the removal of all spot trading services on October 28. Deposits will no longer be credited after October 29, while withdrawal support remains available until December 28, 2024.
3Immediate Market Price Impact
The announcement triggered significant downward pressure on the affected digital assets. Epic Chain experienced a 15% decline in value within a single day, while QuickSwap suffered a sharper 22% drop. Such volatility is common when the world's largest exchange withdraws support, as it directly reduces liquidity and damages the overall reputation of tokens.
4Historical Precedent for Delistings
This event mirrors similar actions taken by the exchange in August. During that period, Binance removed several assets including Across Protocol, Hashflow, and PIVX. Those previous delistings also resulted in double-digit price declines for the affected tokens, demonstrating a consistent market reaction pattern whenever the exchange decides to terminate support for specific projects.
5Ethereum Network Maintenance Schedule
Beyond the delisting news, Binance confirmed upcoming technical work on the Ethereum network. Wallet maintenance is scheduled for October 15 to ensure continued operational stability. During this one-hour window, the exchange will temporarily suspend all deposits and withdrawals on the Ethereum blockchain to facilitate the necessary technical updates for its infrastructure.
6Operational Continuity During Maintenance
Despite the suspension of deposits and withdrawals during the Ethereum maintenance, trading activity will remain unaffected. The exchange has committed to handling all technical requirements internally to minimize user disruption. This procedure follows a series of similar maintenance events conducted in recent months, which have historically concluded without any significant reported technical issues.
7Criteria for Token Evaluation
Binance continuously monitors its listed assets against strict industry benchmarks. Key factors influencing these reviews include network security against potential attacks and the long-term commitment of the project development teams. When a token fails to meet these evolving criteria, the exchange initiates an in-depth review to determine if delisting is the necessary course.
8Investor Implications and Outlook
The recent delisting highlights the risks associated with holding assets on major centralized exchanges. Investors must remain vigilant regarding project health and exchange policies. As Binance continues to refine its asset offerings, the market should anticipate further adjustments to maintain platform integrity, emphasizing the importance of liquidity and security in digital asset selection.
Original article: CryptoPotato — Binance Delists Epic Chain and QuickSwap Amid Market Volatility