Binance plans to soon remove FTX Token (FTT), ZCash (ZEC), and possibly JasmyCoin (JASMY). The exchange placed these tokens in the monitoring section of the exchange, under a special label.
According to Binance, these tokens could be removed from the exchange at any moment for failing to meet the admission criteria.
In addition to the mentioned tokens, others like Aelf (ELF), Convex Finance (CVX), Sun (SUN), Status (SNT), Balancer (BAL), Clover Finance (CLV), Ark (ARK), MovieBloc (MBL), or Wazir X, could be delisted, NOTE READ CAREFULLY: THEY COULD BE DELISTED, I did not write: THEY WILL BE DELISTED.
In the cases of the coins that could be delisted at any moment is the one that, according to CoinMarketCap, belongs to FTX which is in bankruptcy proceedings. The token called FTT has no use anymore and will be liquidated by the state to pay creditors. So take your precautions and warnings.
In the case of ZCash (ZEC), it is a privacy and anonymity cryptocurrency created by Zooko Wilcox that allows users to choose the level of privacy of their transactions. Since it is a privacy cryptocurrency, it complicates compliance with anti-money laundering statutes by companies, this is the reason the platform argues for its removal from circulation.
The reason for the exit of JasmyCoin (JASMY) is more complex to understand. JASMY has been under observation since at least March 2024, and it seems that now is when it has been decided to delist it.
In the span of a year, this cryptocurrency has risen more than 300%, and has a community of followers who believe in future price increases for JASMY. It is presumed that JASMY is under observation and will be delisted due to its high volatility.
Sources: BINANCE - CriptoNoticias - CoinMarketCap.
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