Binance To Delist Four Cryptos, Citing Lack Of Industry Standards
Binance, the world’s largest crypto exchange, has announced its decision to delist four altcoins, including Waves (WAVES), OmiseGo (OMG), Wrapped NXM (WNXM), and NEM (XEM), starting
June 17.
The move follows Binance’s periodic review of digital assets to ensure they meet high standards and industry requirements.
The review includes factors such as trading volume, liquidity, network stability, safety, and evidence of fraudulent conduct. Binance will not credit deposits to user accounts after June 18, and withdrawals will not be supported after September 18, 2024.
The WAVES token experienced a 25% plunge, and Binance’s India arm has stopped cash payment options for peer-to-peer trades.
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