Crypto NewsAltcoinDelist Announcement from Bitcoin Exchange Binance: Six Altcoin Trading Pairs Delisted from...

Delist Announcement from Bitcoin Exchange Binance: Six Altcoin Trading Pairs Delisted from Spot Transactions!

Binance announced that a large number of spot trading pairs have been removed in order to protect users and preserve the integrity of the trading environment.

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Binance, the world's largest cryptocurrency exchange by transaction volume, today announced OmiseGO (OMG), Waves (WAVES), Wrapped NXM (WNXM) and NEM (XEM).

Binance Will Delist OMG, WAVES, WNXM, XEM on June 17, 2024

This decision was made as part of Binance's regular review process to ensure listed assets meet the platform's high standards and evolving industry requirements.

Reasons for Delisting

Binance considers various factors when evaluating the delisting of a digital asset. These include:

Team's Commitment to the Project: Evaluates the dedication and progress of the project's development team.

Level and Quality of Development Activity: Assessment of ongoing development and innovation in the project.

Trading Volume and Liquidity: Monitoring the market activity and liquidity of the asset.

Network Stability and Security: Ensuring that the network is secure and free from frequent attacks.

Public Communications and Transparency: Controlling the project's public communication and Binance's responses to due diligence requests.

Compliance with Regulatory Requirements: Complying with new regulations and maintaining a healthy crypto ecosystem.

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Delisting Details

The following trading pairs will be removed at 06:00 on June 17, 2024:

OMG/USDT

WAVES/BTC

WAVES/ETH

WAVES/TRY

WAVES/USDT

WNXM/USDT

Binance may convert tokens delisted after September 18, 2024 into stablecoins on behalf of users. This conversion is not guaranteed and further information will be provided if appropriate.

*This is not investment advice.



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