Binance, one of the world’s largest cryptocurrency exchanges, announced that it will delist all trading pairs and halt trading for the following tokens.
BTS, PERL, TORN, WTC will be delisted on December 7, 2023 at 06:00
Exactly removed trading pairs are: BTS/USDT, PERL/USDT, TORN/BUSD, WTC/BTC, WTC/USDT.
Deposits of these tokens after 06:00 on December 8, 2023 will not be credited to your account, and withdrawals from Binance will not be supported after 06:00 on March 7, 2024.
Binance periodically reviews each digital asset it lists to ensure that it continues to meet the high level of standards expected.
When a coin or token no longer meets this standard or the industry changes, Binance conducts a deeper review and potentially delists that asset.
The decision to delist a digital asset depends on the team’s commitment to the project, the level and quality of development activity, trading volume and liquidity, stability and security of the network from attacks, network/smart contract stability, level of public communication, responsiveness to periodic due diligence requests, unethical/ It is based on several factors, including evidence of fraudulent behavior or negligence and contribution to a healthy sustainable crypto ecosystem.
Binance believes that delisting tokens that no longer meet its standards best protects all its users.
*This is not investment advice.
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Source: https://en.bitcoinsistemi.com/surprise-decision-from-bitcoin-exchange-binance-many-altcoins-delisted/