These 3 altcoins dropped by double digits after Binance announced delisting

-Binance exchange announced the delisting of NEM (XEM), OMG Network (OMG) and Waves (WAVES) on June 17 and removed 6 trading pairs including WNXM/USDT, Xem/USDT, OMG/USDT, WAVES/ BTC, WAVES/ETH, WAVES/TRY and WAVES/USDT, meaning these pairs will not be available for spot or margin trading.

-The three aforementioned cryptocurrencies recorded double-digit price drops following the announcement

Users of the exchange will not be able to deposit tokens starting June 18, and after September 18, they will not be able to withdraw these three tokens. It is worth noting that the three tokens can be converted into stablecoins by the exchange, but there is no guarantee that this will happen.

-The crypto giant said it regularly reviews the cryptocurrencies listed on the platform to ensure that they meet industry requirements.

-Binance's delisting decisions depend on a range of factors such as the current state of development activity, commitment of the team behind a given cryptocurrency, level of liquidity, regulatory requirements, stability network regulations, etc. #TokenTrends