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Announced on February 15, 2019, Binance's cryptocurrency exchange removes from the list the five crypto-currencies of its platform. As a result, it will also stop trading these five chips on all trading pairs. The move will take effect on February 22, 2019.
Tokens no longer meet the standard level of Binance
The delisting is one of the largest exchanges of cryptocurrency, Binance, whose average market cap is $ 475,898,758. CloakCoin (COAT), Modum (MOD), SALT (SALT), substratum (SUB) and wings (WINGS). The exchange will remove these coins and tokens from the list on February 22, 2019 at 10:00 UTC.
This decision is part of the token review process by the exchange to ensure that they meet the high standard established by Binance. As a result, the absence of such conditions required by the listed tokens will leave Binance potentially set back from the list after the previous thorough review.
Following the cancellation of these five chips, all trading orders will also be deleted automatically. In addition, Binance will support traders and crypto enthusiasts when withdrawing funds from these coins until February 22, 2019 at 10:00 UTC. In addition, he cautioned users not to select "Hide Small Assets" on the user's fund page if they intend to post an badet after that Binance ceased their operations.
The official announcement says so;
At Binance, we periodically review each digital badet we list to ensure it continues to meet the high level of quality expected. When a coin or token no longer meets that standard or when the industry changes, we do a more thorough review and eventually remove it from the list.
The Binance review process includes the number of criteria. Some mentioned by the Binance team are as follows;
- The commitment of the team to project
- Level and quality of development activity
- Stability of network / smart contracts
- Level of public communication
- Reactivity to our periodic requests for due diligence
- Evidence of unethical / fraudulent conduct
- Contribution to a healthy and sustainable crypto ecosystem
What is your interest in Binance's decision to remove these chips from the list? Share your opinion with us.
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Binance stops trading five chips on Feb. 22 after a standard failure
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Announced on February 15, 2019, Binance's cryptocurrency exchange removes from the list the five crypto-currencies of its platform. As a result, it will also stop trading these five chips on all trading pairs. The move will take effect on February 22, 2019.
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