Binance Withdraws Support For Several Tokens With Links To The Multichain Bridge
Portfolio Pulse from The Dales Report
Binance, the largest cryptocurrency exchange by volume, has withdrawn support for eight multichain bridged tokens due to transactions getting stuck on various cross-chain paths. The affected tokens include Polkastarter, Alchemy Pay, Beefy.Finance, SuperVerse, Travala, Spell Token, Alpaca Finance, and Harvest Finance. This decision has led to a significant decline in the value of the MULTI token. Binance is also facing its own legal challenges from various authorities. Despite this, Binance announced the listing of PENDLE, the official token of the Pendle Finance protocol.
July 06, 2023 | 1:28 pm
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NEGATIVE IMPACT
Binance's withdrawal of support for Alchemy Pay may negatively impact its value.
Binance's decision to withdraw support for Alchemy Pay could lead to a decrease in demand for the token, potentially causing its value to drop.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Binance's withdrawal of support for Alpaca Finance may negatively impact its value.
Binance's decision to withdraw support for Alpaca Finance could lead to a decrease in demand for the token, potentially causing its value to drop.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Binance's withdrawal of support for Travala may negatively impact its value.
Binance's decision to withdraw support for Travala could lead to a decrease in demand for the token, potentially causing its value to drop.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Binance's withdrawal of support for SuperVerse may negatively impact its value.
Binance's decision to withdraw support for SuperVerse could lead to a decrease in demand for the token, potentially causing its value to drop.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80