Clever Exchange Delisting Litecoin, Binance Coin, and Others

Clever Exchange is delisting nine assets including Litecoin (LTC), Chainlink (LINK), Binance Coin (BNB) and Dogecoin (DOGE).

In a statement on January 4, Clever Exchange Said Trading of nine assets paired with USDT will stop from January 11. The decision was made to improve upon the launch of their Liquidity Pool and provide traders with the most liquid and reliable cryptocurrency market.

“All trade orders will be automatically deleted after the close of trading in each respective trading pair,” Clever said in a press statement, adding that they are aware of the inconvenience.

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It is not immediately clear why Clever Exchange is considering these coins and tokens given their deep liquidity and standing in the market cap leaderboard.

For example, LTC has outperformed BTC in the second half of 2022. behind Sharp losses in early November 2022. On August 2, 2023, Litecoin is expected to see its network reward halving from 12.5 LTC to 6.25 LTC.

Meanwhile, BNB powers the massive Binance Smart Chain (BSC) ecosystem. Binance, the world’s largest coin by number of customers, is looking to reduce the total supply from 200 million to 100 million through an aggressive combustion program.

On the other hand, DOGE is the most liquid meme coin.

On its homepage, Clever Exchange claims to be a platform where “anyone” can trade their cryptocurrencies at low rates. Users need to first download the Clever app on mobile and create an account before trading.

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parallel data from trackers performance that the average daily trading volume of the exchange is $38,855, with Wave (XRP), Bitcoin (BTC), bitcoin cash (BCH), and Tron, all alternative tokens in the Binance Smart Chain (BSC), and Ethereum Ecosystem Business.

Their native token, KLV, is the most actively traded asset, accounting for 46% of all trading volume. The fall in crypto prices has dented activity as investors steer clear of safe assets.

Following this, major cryptocurrency exchanges had to adjust again. Top-tier ramps including Coinbase and Kraken are expected to announce sharp declines in revenue and have begun to reduce their workforce.

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