bitcoin
Crypto Hardware Maker Canaan Shares Crater 63%, Nasdaq Issues Delisting Notice
📰 sources⭐ 6.0
TL;DR:
Canaan Inc. , a maker of crypto mining rigs, has been hit hard over the past year as its American Depositary Shares fell well below key thresholds.
Key Points:
Background:
Cryptocurrency exchange listings refer to when a digital asset becomes available for trading on a centralized or decentralized exchange platform. Major exchange listings, especially on platforms like Binance or Coinbase, are significant events that can dramatically increase a token's visibility and trading volume.
Why It Matters:
Exchange listings provide liquidity and accessibility for cryptocurrency projects, often leading to increased trading volume and price movements. Being listed on reputable exchanges validates a project's legitimacy and opens access to millions of potential traders and investors.