🚀 Binance is cleaning house! The crypto giant announced it will delist five tokens by December 10, citing a lack of compliance with industry standards. Say goodbye to Gifto (GFT), IRISnet (IRIS), SelfKey (KEY), OAX (OAX), and Ren (REN).
- Arbitrage, loans, and futures on these tokens close Dec. 3.
- Isolated and cross-margin borrowings suspended Nov. 27.
The news sent the tokens tumbling by nearly 40%. Binance, boasting 386 tokens and $44B in trading volume, is keeping mum on specific compliance failures. Remember, folks, low trading volume can be a red flag! 🏴☠️