Cryptocurrency exchange Coinbase announced in its statement that it will delist the Enjin Coin (ENJ) altcoin. Delist will take place on June 14.
The reason for the delist was that Coinbase regularly audits the standards of the altcoins it lists. ENJ price decreased after the delist news.
ENJ is an altcoin listed on almost all major cryptocurrency exchanges, including Binance, and has a market cap of $500 million.
ENJ, which has a long history, first started trading in 2018. At the time of writing, the token is trading approximately 92% lower than its all-time high reached in 2021.
Just minutes ago, Coinbase also decided to delist the MTL token. However, in the delist in question, the reason was given that the altcoin switched to another network other than Ethereum.
*This is not investment advice.