Binance Token Delistings Signal Shift in Crypto Exchange Standards

• Binance has decided to delist and stop the trading of OMG, WAVES, WNXM, and XEM pairs.
• The platform’s decision follows a periodical review that verifies certain factors and assures the standards of tokens.
• The exchange has stopped the cash payment feature in its Indian branch, aligning with the government’s regulatory requirements.

Binance, the world’s largest cryptocurrency exchange by trading volume, has decided to delist several tokens, including OmiseGo (OMG), Waves (WAVES), Wrapped NXM (WNXM), and NEM (XEM). According to Binance’s official announcement, the exchange will remove all spot and margin trading pairs for these tokens on June 17, 2024.

Binance periodically reviews the digital assets listed on its platform. The exchange verifies certain factors to ensure that tokens meet a high level of standard and industry requirements. These factors include development activity, commitment, trading volume and liquidity, regulatory adherence, and public communication. Binance added:

“When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it. Our priority is…

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