The developers of the altcoin, which was recently delisted from Binance, released a statement on Twitter.
AUTO Altcoin Team Announces They Will Work To Relist On Binance
The team behind Autofarm (AUTO), a decentralized finance (DeFi) platform that offers yield farming and automated portfolio management, has expressed disappointment at the world's largest cryptocurrency exchange Binance's decision to delist the native token.
Autofarm said in a tweet on April 12 that it had been "in close contact" with Binance lately and was "heartbroken" by the way things turned out.
The tweet comes after Binance announced that it will delist AUTO along with the other two tokens QLC and NEBL on April 18 due to low trading volume and liquidity.
Autofarm promised its community that it still maintains good relations with Binance and will do its best to be relisted after the release of version 3 (v3) vaults, which are currently under audit.
The platform also indicated to its users that they can still AUTO trade on DeFi platforms or other centralized exchanges (CEXs) such as Crypto.com, Tokocrypto, Bitrue, and CoinEx.
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Announcement regarding Binance delisting: we have been closely in touch with Binance over the last period of time and are heartbroken that events turned out this way.— autofarm.network (@autofarmnetwork) April 12, 2023
As Binance actively supports the growth of its ecosystem, delisting of AUTO by the exchange is a rare occurrence for a BSC-based project.
However, some analysts have pointed out that Binance may face regulatory pressure from authorities around the world who review its operations and compliance standards.
*Not investment advice.
