Coinbase To Delist This a16z-Backed Crypto Token, Price Crashes

Quick Summary:

Crypto exchange Coinbase has announced a plan to delist Decentralized Social’s native token DESO, sending shockwaves through the crypto community.

The announcement has led to a 20% drop in DESO price over the past 24 hours as traders responded immediately to the news.

This regulatory move will enhance the oversight of crypto assets within the European Economic Area (EEA) ensuring consumer protection.

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Article Details

Category: Crypto

Markets: India

Topics: A16z Crypto tokens Coinbase Altcoin News 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-26 @ 13:23:49 (2 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 400 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 23251172

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Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 35 posts per day

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News Last Updated: 8 hours ago

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