Binance Plans To Delist BTS, PERL, TORN, and WTC on December 7

  • Binance announced it would delist BTS, PERL, TORN, and WTC on December 7.
  • Binance regularly delists tokens that no longer meet required standards or are affected by industry changes.
  • The trading pairs to be delisted include BTS/USDT, PERL/USDT, TORN/BUSD, WTC/BTC, and WTC/USDT.

Binance, the largest cryptocurrency exchange by trading volume, announced it would delist four digital assets, BTS, PERL, TORN, and WTC, from its platform on Thursday, December 7, 2023. In a blog post, the top crypto exchange noted that the delisting exercise is part of its regular review process to check that tokens listed on the platform continue to meet required standards.

According to Binance, when a coin or token no longer meets the required standard or the industry changes, it conducts an in-depth review which may result in delisting to protect users. Binance said that it considers several factors to determine if the listed digital assets would remain listed or be removed from its trading platform.

The factors considered by Binance include the commitment of a team towards its project, the level and quality of development activity around the coin or token, the digital asset’s trading volume, and liquidity, its stability and safety of the network from attacks, and the project’s network/smart contract stability.

Binance added that it also considers a project’s level of public communication,  its responsiveness to its own periodic due diligence requests, evidence of unethical/fraudulent conduct or negligence, and the project’s contribution to a healthy and sustainable crypto ecosystem before deciding whether to delist it.

In the announcement, Binance noted it would delist and cease trading on all the trading pairs for BitShares (BTS), PERL.eco (PERL), Tornado Cash (TORN), and Waltonchain (WTC). It further clarified that the trading pairs it would remove are BTS/USDT, PERL/USDT, TORN/BUSD, WTC/BTC, and WTC/USDT.

According to Binance, it will automatically remove all trade orders in each trading pair after trading ceases on December 7. Hence, it advised users willing to view their assets after trading ceases to ensure they have not selected “Hide Small Balances” in all of their wallets.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Comments

Post a Comment

Popular posts from this blog

Is $200 Within Reach For Solana Price? Here’s Why This Blockchain Firm Thinks So

Image
Like the general crypto market, the price of Solana (SOL) witnessed significant growth over the past week. According to the latest on-chain data, this might only be the beginning for SOL’s price, with several indications of further upside potential for the altcoin. What’s Behind Solana’s Recent Price Climb? In a new report, blockchain intelligence firm Santiment offered insight into the recent price of Solana. According to the analytics platform, the price of SOL has swung upward by more than 33% since the 4th of July, rewarding investors who continued to bet big on it despite the sluggish market conditions. Related Reading Crypto Market Rebounds From Lows, But Why Are Cardano Holders Suffering Losses? 19 hours ago Santiment mentioned that this positive run of form displayed by the altcoin over the past two weeks can be linked to investo...
Read more

Bitcoin Ordinals marketplace Bioniq launches on ICP

Bioniq, a new market place for Bitcoin Ordinals, introduces a distinctive approach by operating on the Internet Computer (ICP) blockchain. The introduction of Bioniq, a Bitcoin Ordinals market place, marks a notable development in the evolving landscape of cryptocurrency. Distinctively, Bioniq operates on the Internet Computer (ICP) blockchain, a platform developed by Dfinity, rather than directly on Bitcoin. This approach positions ICP as a type of layer-2 network for Bitcoin, a significant deviation from traditional practices in this space. Hello world! We're an experienced team of Web3 developers bringing you the worlds greatest trading experience for ordinal NFTs Send, receive, inscribe, buy, sell, swap, trade, auction, offer, and collateralize all in the works Can't wait to show you what we are building — bioniq (@bioniqMarket) February 28, 2023 Bioniq claims to offer several benefits including being the “world’s fastest” market place for Bitco...
Read more

Solana Trades Above $18 As Sellers Signal A Return To The Downtrend

Image
Mar 13, 2023 at 08:13 // Price Author Coin Idol Solana (SOL) is trading at a high of $18.84. The cryptocurrency value is rising again as it leaves the negative trend area. Solana price long term forecast: bearish The cryptocurrency price will cross the moving average lines and the $20 resistance level if the bullish momentum continues. The recent price rally becomes conceivable if the down trend reaches the historically significant price level of November 10, 2022. The historical price level is the current support level when the altcoin rises again....
Read more