Bitcoin Resurgence Is Masking a Record Amount of Coin Delistings

Even as Bitcoin stages an astonishing resurgence, a record amount of digital tokens are being delisted this year from exchanges such as Coinbase Global Inc. and Binance.

At least 3,445 tokens or trading pairs have been delisted or inactive for so long that they’ll likely be dropped in the wake of the turmoil in the cryptocurrency market over the past few years, according to data compiled by Kaiko. That’s already 15% higher than for all of 2022, and double the amount the prior year, the researcher found.

Coinbase and Binance have dropped more than 100 tokens this month alone. In ...