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Crypto miner manufacturer Canaan receives Nasdaq delisting warning
📰 sources⭐ 9.0
TL;DR:
The Nasdaq-listed Canaan must get its share price to close above $1 for at least 10 trading days in a row to avoid being removed from the exchange.
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.