Crypto:
30251
Bitcoin:
$66.256
% 1.43
BTC Dominance:
%54.5
% 0.21
Market Cap:
$2.38 T
% 1.77
Fear & Greed:
74 / 100
Bitcoin:
$ 66.256
BTC Dominance:
% 54.5
Market Cap:
$2.38 T

Binance Announces Delisting of Four Cryptocurrencies

Binance , Delisting

Binance, a leading cryptocurrency exchange, has announced that it will delist four cryptocurrencies: OmiseGO (OMG), Waves (WAVES), Wrapped NXM (WNXM), and NEM (XEM). This decision will take effect on June 17, 2024, at 6:00 AM UTC.

As part of this process, all trading pairs involving these cryptocurrencies will be removed from the platform. This means that after the specified date, users will no longer be able to trade these tokens on Binance.

The trading pairs to be delisted are as follows: OMG/USDT, WAVES/BTC, WAVES/ETH, WAVES/TRY, WAVES/USDT, WNXM/USDT, and XEM/USDT.

Waves Delisting Expected

Waves, established in 2016, gained recognition as one of the first systems allowing the creation of smart contracts and decentralized applications on the blockchain. It garnered significant attention during the 2017 bull market and achieved a historic price peak of over $50 in 2022. Following Binance’s announcement, Waves experienced a sharp decline of over 20%, falling below $2.

This Might Interest You: Ripple’s Planned Stablecoin RLUSD Poised to Dominate Market, Says Influencer

In March, Binance.US, the American arm of Binance, also delisted Waves. Therefore, the market had anticipated a similar move by the main exchange.

Starting from 6:00 AM UTC on June 18, 2024, deposits for these four cryptocurrencies will no longer be accepted. Additionally, from 6:00 AM UTC on September 17, 2024, withdrawals of these tokens will not be reflected in user accounts.

Rate this post
READ:  Coin Engineer - Ledgity AMA Summary

Leave a Reply

Your email address will not be published. Required fields are marked *