In the announcement made by Binance, it was stated that the cryptocurrency exchange OmiseGO (OMG), Waves (WAVES), Wrapped NXM (WNXM) and NEM (XEM) transactions will be stopped on June 17.

Binance emphasized in its statement that they have an understanding of keeping only the most reliable and secure assets on the trading platform. In this context, exchange officials examine in detail criteria such as the activity level of the development team of the relevant altcoins, transaction volume, liquidity, network stability, security, adherence to due diligence and community communication before delisting crypto assets.

While the crypto exchange claimed that these transactions were routine activities to maintain trading quality, it hinted that the process of removing projects that could not meet the current criteria from the platform would continue.

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