Binance to Delist Four Altcoins in June 2024
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Binance, a major cryptocurrency exchange, recently announced plans to remove four altcoins from its platform.
The delisting, scheduled for June 17, 2024, aims to maintain a secure trading environment and uphold quality standards.
This decision comes after a thorough review process, assessing factors like project team dedication, development quality, and regulatory compliance. The affected tokens include OMG Network (OMG), Waves (WAVES), Wrapped NXM (WNXM), and NEM (XEM).
Trading pairs associated with these altcoins will be discontinued, and pending orders will be automatically canceled after the delisting date.
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Deposits for these tokens will cease on June 18, while withdrawals will remain possible until September 17, 2024. Furthermore, Binance will discontinue support for these tokens across various services, such as Binance Earn and Binance Savings.
The announcement triggered a significant price drop for the affected altcoins, highlighting the influence of exchange decisions on market dynamics. This move underscores the importance of exchange policies in shaping the cryptocurrency landscape.