Binance, the leading cryptocurrency exchange globally in terms of transaction volume, has officially declared the removal of OmiseGO (OMG), Waves (WAVES), Wrapped NXM (WNXM), and NEM (XEM) from its platform. This decision is a result of Binance's routine assessment process to ensure that all listed assets align with the platform's stringent standards and the constantly evolving demands of the industry.
Reasons for Delisting
When considering the delisting of a digital asset, Binance takes into account several key factors: - Team Commitment: Evaluation of the project's development team's dedication and progress. - Development Activity: Assessment of the level and quality of ongoing development and innovation within the project. - Trading Volume and Liquidity: Monitoring the asset's market activity and liquidity. - Network Stability and Security: Ensuring the security and resilience of the network against attacks. - Public Communications and Transparency: Oversight of the project's public communication and Binance's responses to due diligence requests. - Compliance with Regulations: Adherence to regulatory requirements to foster a healthy crypto ecosystem.
Delisting Details
The delisting of the following trading pairs will take effect at 06:00 on June 17, 2024: - OMG/USDT - WAVES/BTC - WAVES/ETH - WAVES/TRY - WAVES/USDT - WNXM/USDT
Binance retains the option to convert delisted tokens into stablecoins on behalf of users post-September 18, 2024. However, this conversion is not assured, and users will receive further updates if necessary.
This announcement does not constitute investment advice.
