Investing.com - Binance has announced its intention to delist four altcoins: OMG Network (), Waves (), Wrapped NXM (), and NEM () on June 17, 2024.
This decision follows a comprehensive review aimed at maintaining a safe trading environment. The delisting will result in the cessation of trading for several currency pairs, significantly impacting their market prices.
With Binance delisting several cryptocurrencies, discover alternative opportunities and maximize your investments with InvestingPRO. Get exclusive AI-powered analyses and outperform market volatility with an additional discount by using the promo code SAPRO2!
Binance states that this move is part of a periodic review to ensure trading quality remains at its highest. The criteria influencing this decision include the dedication of the project teams, project development quality, trading activity, network stability, community engagement, compliance with new regulatory requirements, and their impact on the blockchain.
Affected trading pairs include OMG/USDT, , , , WAVES/USDT, WNXM/USDT, and XEM/USDT. After June 17, Binance will automatically cancel all pending orders for these pairs.
Starting June 18, the platform will no longer accept new buy orders using these pairs. However, withdrawals will remain possible until September 17, 2024.
Additionally, Binance will cease supporting these coins in other services such as Binance Earn, Binance Savings, Binance Staking, Binance Margin, Binance Convert, Binance Gift Cards, and Binance Pay. Notably, Binance Futures will remove the WAVES/USDT pair on June 11, while perpetual contracts for OMG/USDT and XEM/USDT will not be delisted.
Investors should also be aware of the possibility to convert these coins into stablecoins, which Binance plans to facilitate after September 18, 2024.
Following the announcement, the value of these coins dropped significantly. OMG decreased by 25.76%, WAVES by 27.06%, and XEM by 28.73%. In contrast, WNXM quickly rebounded from its decline, currently down by only 3.27%.
These significant price changes reflect the profound impact of Binance's decisions on cryptocurrency markets. For instance, the delisting of DREP, MobileCoin, and pNetwork in March led to their values halving within hours. Conversely, the listing of new tokens like Axelar Network () and Dogwifhat () in March saw their prices surge by over 25% post-announcement.
Continue reading here:
- Binance Research Reviews February Crypto Trends: Arbitrum, Blur ... - BSC NEWS [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Ethereum's Liquity (LQTY) up 40% as Binance's Multimillion Holdings Unveiled - U.Today [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Crypto Wallets Tied to FTX Abruptly Move Over $102,000,000 To Binance, Coinbase and Kraken - The Daily Hodl [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Binance Coin, Polygon and Big Eyes Coin - Three Long-Term ... - NewsWatch [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Learn CryptoTax 101 with Binance Australia - Business News Australia [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Binance vs. Coinbase: Which crypto exchange is right for you? - Yahoo Finance [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Binance Will Convert $1B Worth of BUSD Stablecoin to Bitcoin, Ether, BNB and Other Tokens - CoinDesk [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Binance Halts GBP Deposits and Withdrawals - Crypto Briefing [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Binance-Voyager deal to proceed without holdings, NY judge rules - Cointelegraph [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Bitcoin price flash spikes to $50K on Binance after USD Coin peg snaps - Cointelegraph [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Binance CEO announces recovery funds conversion from BUSD to native crypto - Cointelegraph [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Helium's HNT Crypto Token Slides to 2-Month Low After Binance.US Delisting Announcement - CoinDesk [Last Updated On: March 16th, 2023] [Originally Added On: March 16th, 2023]
- Binance Announces to Back ETH 2.0 Staking Withdrawals after the ... - Blockchain Reporter [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Binance Unveils Game-Changing Product Updates Across Its ... - Blockchain Reporter [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Bitcoin Surges as Bank Client Rescue Eases Contagion Fears, Fuels Hopes for Fed Dovishness; Binance's $1B Conversion Helps, Too - CoinDesk [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- SEC v. Ripple: John Deaton says Hinman documents will be made public and support defense for Coinbase, Binance - FXStreet [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Traders Union Experts Published Their Binance Coin Price Prediction For 2030 - mid-day.com [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Space ID to Launch ID Token on Binance Launchpad - BSC NEWS [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Whale moves $33 million worth of Ethereum to Binance in one go: What this means for ETH - FXStreet [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- More People Are Downloading Crypto Apps Like Coinbase, Binance, Heres Why - NewsBTC [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Binance removes BUSD from its $1 billion SAFU Fund, swaps it with USDT and TUSD - FXStreet [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Binance CEO CZ Ridicules Troubled US Financial Institutions By ... - Investing.com [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Binance removes BUSD from SAFU fund adds TUSD, USDT - CryptoSlate [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Binance Touts Compliance While Avoiding Financial Disclosures - BeInCrypto [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Binance replaces BUSD in SAFU fund with TUSD and USDT - Cointelegraph [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Arbitrum (ARB) Token Listed on Binance Exchange Ahead of Massive Airdrop: Details - U.Today [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Binance battles 'FTX redux' fears as regulators blow-torch the crypto giant - Markets Insider [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Binance: Rebuilding Trust in Crypto - CryptoPotato [Last Updated On: March 20th, 2023] [Originally Added On: March 20th, 2023]
- Analyzing exchange stablecoin holdings: Will Tether (USDT) lose relevance as Binance favors True USD (TUSD)? - FXStreet [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Litecoin (LTC) And Binance (BNB) Reel As Bulls Find Collateral ... - NewsWatch [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Coinbase Stock Has Held Up Amid the Regulatory Crackdown on Crypto, Binance - Barron's [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Ripple (XRP) Explodes 20% Unfazed by Binance-CFTC Lawsuit, Bitcoin Consolidates: This Weeks Crypto R... - CryptoPotato [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Binance: Could CFTC Lead To Bigger Problems? (Cryptocurrency ... - Seeking Alpha [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Binance burns 1.6 billion LUNC, heres how the token reacted - AMBCrypto News [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Binance and Miami Heats Jimmy Butler Hit With $1B Crypto Lawsuit - Decrypt [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Binance Faces Backlash Over BUSD Operations Amid Scrutiny - BeInCrypto [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- This Week in Coins: Bitcoin and Ethereum Survive CFTCs Binance Crackdown - Decrypt [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Binance Exchange and CEO Face Yet Another Legal Battle - BeInCrypto [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- From Hamas warnings to VIP perks and criminal clients: the US regulators claims against Binance - The Guardian [Last Updated On: April 4th, 2023] [Originally Added On: April 4th, 2023]
- Binance Collaborates With Showmax To Incentivize Crypto Adoption ... - Peace FM Online [Last Updated On: April 5th, 2023] [Originally Added On: April 5th, 2023]
- Japan targets Binance, 4 other crypto exchanges as Bittrex bows out ... - Kitco NEWS [Last Updated On: April 5th, 2023] [Originally Added On: April 5th, 2023]
- Cardano: Crypto Community on Twitter Tells Binance.US That ... - CryptoGlobe [Last Updated On: April 5th, 2023] [Originally Added On: April 5th, 2023]
- Price Predictions For Helium (HNT) and Binance (BNB) Is Reasonable, While Collateral Network (COLT) 3500% - Bitcoinist [Last Updated On: April 5th, 2023] [Originally Added On: April 5th, 2023]
- Half Billion Dogecoin Moved by Binance in Wake of Positive DOGE News - U.Today [Last Updated On: April 5th, 2023] [Originally Added On: April 5th, 2023]
- Binance to Temporarily Suspend Ethereum (ETH) Deposits on This Date - U.Today [Last Updated On: April 5th, 2023] [Originally Added On: April 5th, 2023]
- Binance and Coinbases Market Share Slumped in Q1 As Regulators Targeted Crypto Giants: New Report - The Daily Hodl [Last Updated On: April 5th, 2023] [Originally Added On: April 5th, 2023]
- Dubai regulator demands Binance provide info on ownership, governance: Report - Cointelegraph [Last Updated On: April 5th, 2023] [Originally Added On: April 5th, 2023]
- Orbeon Protocol (ORBN) Rises To The Top While Helium (HNT) and ... - Cryptopolitan [Last Updated On: April 9th, 2023] [Originally Added On: April 9th, 2023]
- CZ says current blockchain throughput cannot make Binance a hybrid exchange - CryptoSlate [Last Updated On: April 9th, 2023] [Originally Added On: April 9th, 2023]
- Terra Classic Could Receive $5M in Funding From Binance - The Crypto Basic [Last Updated On: April 9th, 2023] [Originally Added On: April 9th, 2023]
- Binance Coin (BNB) and Cardano (ADA) Lose Steam As TMS Network (TMSN) Jumps 10x in Presale | Bitcoinist.com - Bitcoinist [Last Updated On: April 9th, 2023] [Originally Added On: April 9th, 2023]
- Binance, Showmax partner to deepen crypto adoption in Africa - Businessday [Last Updated On: April 9th, 2023] [Originally Added On: April 9th, 2023]
- Binance Coin price analysis: BNB price recovers to $311 after ... - Cryptopolitan [Last Updated On: April 9th, 2023] [Originally Added On: April 9th, 2023]
- Dog Days are Over: Bitcoin Holds Ground Amid Binance Lawsuit ... - Analytics Insight [Last Updated On: April 9th, 2023] [Originally Added On: April 9th, 2023]
- Debunking Crypto Myths With Binance! The Myth of Crypto Being ... - Bitcoin News [Last Updated On: April 9th, 2023] [Originally Added On: April 9th, 2023]
- BTC white paper hidden on macOS, Binance loses AUS license and ... - Investing.com [Last Updated On: April 9th, 2023] [Originally Added On: April 9th, 2023]
- CFTC Charges Binance and its Founder with Multiple CEA Violations - JD Supra [Last Updated On: April 9th, 2023] [Originally Added On: April 9th, 2023]
- Report: Binance US Struggles to Secure Banking Partner Amid ... - Bitcoin News [Last Updated On: April 9th, 2023] [Originally Added On: April 9th, 2023]
- Shiba Inu: Binance.US Poll on SHIB Creator Sparks Interesting Community Response - U.Today [Last Updated On: April 9th, 2023] [Originally Added On: April 9th, 2023]
- What Binance's US lawsuit says about the future for cryptocurrency regulation - The Conversation [Last Updated On: April 9th, 2023] [Originally Added On: April 9th, 2023]
- Binance and Coinbase Have Been Sucked Into a Regulatory Turf War - WIRED [Last Updated On: April 9th, 2023] [Originally Added On: April 9th, 2023]
- Binance's US arm struggles to find bank to take its customers' cash, Wall Street Journal reports - Reuters [Last Updated On: April 9th, 2023] [Originally Added On: April 9th, 2023]
- DigiToads Leaves Binance Coin and Polkadot Behind with Its ... - The Coin Republic [Last Updated On: May 3rd, 2023] [Originally Added On: May 3rd, 2023]
- MetaMask denies hack claims, sparking security concerns amongst ... - Euro Weekly News [Last Updated On: May 3rd, 2023] [Originally Added On: May 3rd, 2023]
- Cryptocurrencies Price Prediction: Shiba Inu, Bitcoin & Binance Coin Asian Wrap 03 May - FXStreet [Last Updated On: May 3rd, 2023] [Originally Added On: May 3rd, 2023]
- After Binance And Coinbase This Exchange is penalized by the New York Regulators - Coinpedia Fintech News [Last Updated On: May 3rd, 2023] [Originally Added On: May 3rd, 2023]
- Binance Total LUNC Burns Surpass 31B as Exchange Burns 1.2B+ ... - The Crypto Basic [Last Updated On: May 3rd, 2023] [Originally Added On: May 3rd, 2023]
- SUI Network and Token to Be Listed on Binance, OKX, and Bybit ... - Blockchain Reporter [Last Updated On: May 3rd, 2023] [Originally Added On: May 3rd, 2023]
- Comparing Bitgert and Binance Coin: Similar Teams, Different Price ... - Analytics Insight [Last Updated On: May 3rd, 2023] [Originally Added On: May 3rd, 2023]
- Binance Says ChatGPT Is Attacking Platform and CZ Personally in Its Answers - U.Today [Last Updated On: May 3rd, 2023] [Originally Added On: May 3rd, 2023]
- Digital Gold Rush: Binance Coin And Dogetti's Race To Dominate ... - Analytics Insight [Last Updated On: May 3rd, 2023] [Originally Added On: May 3rd, 2023]
- Binance To Retire Deposit Addresses On Ethereum; Here's Why ... - Analytics Insight [Last Updated On: May 3rd, 2023] [Originally Added On: May 3rd, 2023]
- Binance urges balanced regulatory approach for crypto to ensure innovation, growth are not stifled - CryptoSlate [Last Updated On: May 3rd, 2023] [Originally Added On: May 3rd, 2023]
- Binance Adds SHIB And DOGE To Its Liquidity Pools; Signuptoken ... - Analytics Insight [Last Updated On: May 3rd, 2023] [Originally Added On: May 3rd, 2023]
- Top 10 Binance Trading Bots You Must Know About in 2023 - Analytics Insight [Last Updated On: May 3rd, 2023] [Originally Added On: May 3rd, 2023]
- AX1 Releases Research on Binance Key Project - Trust Wallet Press release Bitcoin News - Bitcoin News [Last Updated On: May 3rd, 2023] [Originally Added On: May 3rd, 2023]
- Binance Continues Its Expansion: Now In Japan on June 2023 - Blockzeit [Last Updated On: May 3rd, 2023] [Originally Added On: May 3rd, 2023]
- Binance claims to be target of ChatGPT-based smear campaign in Washington, D.C. - Fortune [Last Updated On: May 3rd, 2023] [Originally Added On: May 3rd, 2023]
- Jane Street and Jump Crypto Crushed by Regulatory Crackdown, Binance and Coinbase Brace for Impact - Coinpedia Fintech News [Last Updated On: May 10th, 2023] [Originally Added On: May 10th, 2023]
- Crypto Market Analysis: Heres What Next For Ethereum (ETH) & Binance (BNB) Price - Coinpedia Fintech News [Last Updated On: May 10th, 2023] [Originally Added On: May 10th, 2023]