The world’s largest cryptocurrency exchange by trading volume – Binance – announced it will delist BitShares (#BTS), PERL.eco (#PERL), Tornado Cash (#TORN), and Waltonchain (#WTC) from its platform.
The amendment will become live on December 7, with the exact trading pairs being removed: BTS/USDT, PERL/USDT, TORN/BUSD, WTC/BTC, and WTC/USDT.
The reason behind the delisting seems to be a variety of factors, such as reduced level of development activity, low trading volume and liquidity, evidence of unethical/fraudulent conduct or negligence, and others.
The disclosure has negatively harmed the prices of the aforementioned crypto assets, with some experiencing double-digit declines. WTC has plunged by 35% for the past 24 hours (per CoinGecko’s data), TORN has dropped by 40%, while PERL has collapsed b$y 45%.
