The Binance cryptocurrency exchange announced the delisting of Waves (WAVES), OmiseGO (OMG), NEM (XEM) and Wrapped NXM (WNXM) on June 17 at 03:00 UTC (06:00 Kiev). The reason stated is non-compliance with the "high level of standards and industry requirements".
The platform will stop trading all spot and margin pairs for these tokens, namely: OMG/USDT, WAVES/BTC, WAVES/ETH, WAVES/TRY, WAVES/USDT, WNXM/USDT, XEM/USDT.
After delisting the listed coins, all orders for them will be deleted automatically, new deposits will not be credited.
Token service for other Binance products is also being discontinued, including Auto-Invest, Simple Earn, Loans, Margin, Convert, Gift Card, Binance Pay and trading bot services.
Binance Futures will adjust the leverage and margin levels of the USDⓈ-M WAVESUSDT perpetual contract on June 3, and on June 11 it will close all positions and automatically calculate it. At the same time, users can continue to trade perpetual USDⓈ-M OMGUSDT and XEMUSDT contracts.
You can withdraw assets by September 17, 03:00 UTC (06:00 Kyiv).
Waves, OmiseGO and NEM reacted with a ~30% drop, according to CoinMarketCap.
Earlier, a researcher under the nickname flow found out that over the past six months, 80% of tokens from new listings on Binance have lost value relative to the day of the start of trading on the exchange.
In the latest issue of the podcast \"It was necessary to buy\", Kirill Khomyakov, head of Binance for Central and Eastern Europe, Central Asia and Africa, spoke about the work of the exchange in the context of stricter regulation and the situation with withdrawal from the Russian Federation.
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