The cryptocurrency exchange Binance announced the delisting of Waves (WAVES), OmiseGO (OMG), NEM (XEM), and Wrapped NXM (WNXM) on June 17 at 03:00 UTC (06:00 Kyiv time). The reason cited was non-compliance with "high standards and industry requirements."

The platform will cease trading all spot and margin pairs for these tokens, namely: OMG/USDT, WAVES/BTC, WAVES/ETH, WAVES/TRY, WAVES/USDT, WNXM/USDT, XEM/USDT.

After delisting, all orders for the listed coins will be automatically removed, and new deposits will not be credited.

Token services will also be discontinued for other Binance products, including Auto-Invest, Simple Earn, Loans, Margin, Convert, Gift Card, Binance Pay, and trading bots.

Binance Futures will adjust the leverage and margin levels of the USDⓈ-M WAVESUSDT perpetual contract on June 3, and will close all positions and conduct an automatic settlement on June 11. Meanwhile, users will be able to continue trading USDⓈ-M OMGUSDT and XEMUSDT perpetual contracts.

Assets can be withdrawn until September 17 at 03:00 UTC (06:00 Kyiv time).

Waves, OmiseGo, and NEM reacted with a drop of approximately 30%, according to CoinMarketCap data.

Previously, a researcher under the nickname flow found that over the past six months, 80% of tokens from new listings on Binance have lost value relative to their initial trading day on the exchange.

In a recent episode of the podcast "Should Have Bought It," Binance's head for Central and Eastern Europe, Central Asia, and Africa, Kirill Khomyakov, discussed the exchange's operations under stricter regulations and the situation with its exit from Russia.