The world’s largest cryptocurrency exchange Binanceto date altcoin It started with the news of delist.
Binance, as of 26.01.2023 at 12:00, after periodic reviews in its statement. Beam (BEAM) He stated that they have decided to delist and stop trading in all trading pairs for the altcoin named Altcoin.
The full trading pairs to be delisted are: BEAM/USDT.
“At Binance, we periodically review each digital asset we list to ensure it continues to meet the high standard we expect.
When a coin or token no longer meets this standard or the industry changes, we conduct an in-depth review and potentially remove it from the list.
Some of the factors that lead us to decide to delist a digital asset include: ‘The team’s commitment to the project, Transaction volume and liquidity, Network stability and security against attacks, Evidence of unethical/fraudulent behavior or negligence…
Based on our most recent reviews, we have decided to delist and cease trading on all trading pairs for BEAM/USDT as of 26/01/2023 09:00 UTC.
After this date, all trade orders will be automatically removed.
BEAM payments will not be credited to your account after 27.01.2023 UTC.
Withdrawal of BEAM from Binance will continue to be supported until 04/27/2023 01:00 UTC.
Binance Gift Card will also delist BEAM as of 25.01.2023 09:00 UTC. Binance Pay will remove BEAM from the list at 09:00 UTC on 26.01.2023.
Binance will terminate strategy trading services for these spot trading pairs at 09:00 UTC on 01/26/2023 where applicable.
Users are strongly advised to update and/or cancel their trading strategies prior to the expiration of strategy trading services to avoid any potential loss.”
#Binance will delist $BEAM on January 26, 2023 9am UTC.
— Binance (@binance) January 19, 2023
After the Binance delist announcement, there was a big drop in price. BEAMexperienced a retracement of about 40%.
BEAM, which shot up to approximately $ 0.0680, recovered a little later and is trading at $ 0.0904 at the time of writing.
*Not investment advice.
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