### Binance to Delist 3 Altcoins
Binance, the world's largest cryptocurrency exchange, has announced plans to delist three major cryptocurrencies from its spot and margin offerings: OMG Network (OMG), NEM (XEM), and Wrapped NXM (WNXM). Following this announcement, the prices of these cryptocurrencies dropped significantly.
#### Details on the Delisting of OMG, XEM, and WNXM
The exchange announced that trading for spot and margin pairs of OMG, XEM, and WNXM will cease on June 17. Binance cited that these cryptocurrencies failed to meet industry standards and periodic requirements as the reason for their removal.
Users have until September 17 to withdraw these tokens from the platform, as support will end on that date. In preparation for the delisting, Binance had already removed these tokens from Binance Simple Earn, Finance Auto-Invest, and Binance Loans. Binance stated:
"When a crypto or token no longer meets these standards or the industry environment changes, we conduct a deeper review and potentially delist it. Our priority is to continue providing the best services and protections for our users while adapting to evolving market dynamics."
### Recent Improvements to Binance’s Web3 Wallet
In addition to the delisting news, Binance has introduced new features and improvements to its self-custody crypto wallet, the Web3 Wallet.
### Conclusion
Binance's delisting of OMG, XEM, and WNXM reflects its commitment to maintaining high industry standards and adapting to changing market conditions. Users are advised to withdraw their tokens by September 17 and to stay updated through official announcements from Binance.
