🚨🚨🚨 Binance Will Delist 4 Altcoins

Binance has declared the upcoming delisting of four altcoins: OMG Network (OMG), Waves (WAVES), Wrapped NXM (WNXM), and NEM (XEM), scheduled for June 17, 2024.

This decision emerges from a rigorous evaluation aimed at preserving a safe trading ecosystem. The removal will halt the trading of several pairs and significantly affect their market prices.

Why Binance Delisted Altcoins

The crypto exchange claims that this move is part of its routine scrutiny to ensure the trading quality remains top-notch. The criteria influencing this include the dedication of the project teams, the quality of project development, levels of trading activity, network stability, community engagement, adherence to new regulatory demands, and their overall impact on the blockchain domain.

“When tokens no longer meet our listing criteria or significant changes occur in the industry environment, we conduct a thorough project review and may delist them,” Binance said.