Cryptocurrency exchange Coinbase announced in its statement that it will delist the Polymath (POLY) altcoin.
As the reason for delisting, Coinbase cited the fact that they constantly check whether cryptocurrencies comply with listing standards during the time they are listed on their platforms.
In addition, he stated that the POLY token will move from the Ethereum network to its own network called Polymesh Network (POLYX) and that they have no plans to support the POLYX network at this time. It was stated that this was the most important reason for delisting.
The value of the altcoin, which has a not-insignificant market value of $183 million, dropped after the announcement.
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/just-in-coinbase-announces-it-will-delist-an-altcoin-from-its-platform/