Binance strokes OMG, Xem and Waves from the lists; Token prices fall
Binance strokes OMG, Xem and Waves from the lists; Token prices fall
- Binance announced the decoration of the Coins OMG Network, NEM and Waves on June 17, 2024.
- The stock exchange will set the support for withdrawals on September 17th.
Binance has announced the decoration of four old coins; This message led to a rapid crash of the tokens in question due to the market reaction.
The stock exchange notified the crypto community on Monday, June 3, about the upcoming decorative, whereupon the price of OMG Network fell strongly.
Binance strokes XEM, OMG and waves
According to Binance, trading support for the four old coins is discontinued on June 17, 2024 at 3:00 a.m. (UTC). Specifically, the stock exchange will set support for spot trading pairs for OMG Network, NEM, Waves and Wrapped NXM.
The measures against the four cryptocurrencies follow internal reviews that aim to comply with industry standards and requirements.
" If a coin or token no longer fulfills or the industry landscape changes, we will carry out a more detailed review and may take them out of the list. Our priority is to offer our users the best services and the best protection and at the same time to adapt to the developing market dynamics. Exchange in the Announcement .
According to the message, the review of the team such as the team's commitment to the project, development activity, trade volume and liquidity as well as network security are taken into account. Binance also regularly checks projects with regard to the stability of your smart contracts, the degree of public communication and new regulatory requirements, along with other factors. According to the stock exchange, the trading pairs MG/USDT, Waves/BTC, Waves/ETH, Waves/Try, Waves/USDT, WNXM/USDTT. withdrawal will be set on September 17, 2024 at 03:00 (UTC). Binance previously announced Diligence. OMG Network (OMG), Waves (Waves), NEM (XEM) and Wrapped NXM (WNXM) are all in the minus, since the old coins crash in the course of the important announcement of bony. According to the data from Coingecko, the price of OMG Network fell 27 % to almost $ 0.50, while a 30 % lower was traded at $ 0.025. Meanwhile, Waves, which was traded with maximum $ 4.81 in mid -March, lost 27 % to around USD 1.70 Wrapped NXM fell by almost 5 % after the message and noted at the time of writing at $ 80.75 Important information
omg, xem and waves fall from
Source: Coinlist.me
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