Leading cryptocurrency exchange Binanceannounced that it will delist Helium (HNT) and Tael (WABI) altcoins. Delist will be completed on March 24, 2023.
Binance underlined that it periodically reviews each digital asset it lists to ensure it continues to meet the expected high standard level. When a digital asset no longer meets this standard or the industry changes, it takes a deeper look and could potentially delist it.
A number of factors were taken into account when delisting many different altcoins such as Helium and Tael. These include details such as the team’s contribution to the project, transaction volume, liquidity, network security and reliability, network/smart contract stability.
According to the announcement, Binance HNT And WABI will delist all trading pairs for their tokens and stop trading. The definitive trading pairs that were removed were announced as HNT/BUSD and WABI/BTC. All trading orders will be automatically removed after trading stops on each respective trading pair.
The exchange also announced that from March 25, 2023, deposits of HNT tokens will be suspended. After this period, HNT deposits will not be credited to users’ accounts and recovery will not be supported. However, Binance will support Helium (HNT) contract swapping on the Solana (SOL) network. Withdrawal of HNT tokens will be suspended on April 17, 2023 and reopened on April 21, 2023.
Binance Futures announced that effective March 17, 2023, the USDⓈ-M HNTUSDT Perpetual Contract has made changes to the leverage and margin tiers that will affect existing positions.
It warned traders to adjust their positions and leverage before updating to avoid liquidation risk. Binance Futures will automatically close all positions and delist the contract on March 20, 2023. New positions will not be allowed from March 20, 2023.
As Koinfinans.com reported, Binance.US also announced that it will delist Helium (HNT) and JasmyCoin (JASMY) as of March 21.
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