The world’s largest company by transaction volume cryptocurrency having a stock exchange BinanceToday OmiseGO (OMG), Waves (WAVES), Wrapped NXM (WNXM) and NEM (XEM) published an announcement about.
Binance Will Delist OMG, WAVES, WNXM, XEM on June 17, 2024
This decision was made as part of Binance’s regular review process to ensure listed assets meet the platform’s high standards and evolving industry requirements.
Reasons for Delisting
Binance considers various factors when evaluating the delisting of a digital asset. These include:
Team’s Commitment to the Project: Evaluates the dedication and progress of the project’s development team.
Level and Quality of Development Activity: Assessment of ongoing development and innovation in the project.
Trading Volume and Liquidity: Monitoring the market activity and liquidity of the asset.
Network Stability and Security: Ensuring that the network is secure and free from frequent attacks.
Public Communications and Transparency: Controlling the project’s public communication and Binance’s responses to due diligence requests.
Compliance with Regulatory Requirements: Complying with new regulations and maintaining a healthy crypto ecosystem.
Delisting Details
The following trading pairs will be removed at 06:00 on June 17, 2024:
OMG/USDT
WAVES/BTC
WAVES/ETH
WAVES/TRY
WAVES/USDT
WNXM/USDT
Binance may convert tokens delisted after September 18, 2024 into stablecoins on behalf of users. This conversion is not guaranteed and further information will be provided if appropriate.
*This is not investment advice.
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