No, it’s not. $VELO delisting from Cross Margin is not good news at best and very worrisome at worst. For an exchange to delist a token is a painful decision that leads to painful consequences. Cross Margin allows depositing tokens as collateral to borrow capital and open new trades. Usually, a delisting implies that the exchange has lost confidence in the token as collateral. I don’t know the reasons behind the delisting, so I will not speculate, but they must be serious enough to liquidate all accounts without the necessary liquidity to close their positions. KuCoin has decided to delist $VELO as collateral to not put its users at risk. Let that sink in. As I stated, without knowing the reasons we can only speculate. $XRP has been widely delisted at some point. This is a concern, not a death penalty, but certainly not “good news.”

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