Waves

Wrapped NXM

Coin

<p>Binance has <a href="https://www.binance.com/en/support/announcement/binance-will-delist-omg-waves-wnxm-xem-on-2024-06-17-f65faeeefe07417a8b6dd2900ba8da7e" target="_blank" rel="noopener noreferrer nofollow">announced </a>its decision to delist four digital assets: OmiseGO (OMG), Waves (WAVES), Wrapped NXM (WNXM), and NEM (XEM). The announcement, made on June 3, 2024, has affected these tokens, causing price drops and trending on social media platforms.</p>
<h2 class="wp-block-heading" id="periodic-review-and-high-standards">Periodic Review and High Standards</h2>
<p>Binance periodically reviews each listed digital asset to ensure that it continues to meet the exchange’s high standards and industry requirements. When a coin or token no longer meets these standards or the industry landscape changes, Binance conducts a more in-depth review and potentially delists it.</p>
<p>The exchange prioritizes the best services and protections for its users while adapting to evolving market dynamics.</p>
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<h2 class="wp-block-heading" id="factors-considered-in-delisting-decisions">Factors Considered in Delisting Decisions</h2>
<p>Binance considers a variety of factors when conducting these reviews, including:</p>
<ul>
 <li>Commitment of team to project</li>
 <li>Level and quality of development activity</li>
 <li>Trading volume and liquidity</li>
 <li>Stability and safety of network from attacks</li>
 <li>Network / smart contract stability</li>
 <li>Level of public communication</li>
 <li>Responsiveness to periodic due diligence requests</li>
 <li>Evidence of unethical/fraudulent conduct or negligence</li>
 <li>New regulatory requirements</li>
 <li>Contribution to a healthy and sustainable crypto ecosystem</li>
</ul>
<h2 class="wp-block-heading" id="trading-pairs-and-deadlines">Trading Pairs and Deadlines</h2>
<p>The following trading pairs will be removed on June 17, 2024, at 03:00 (UTC):</p>
<ul>
 <li>OMG/USDT</li>
 <li>WAVES/BTC</li>
 <li>WAVES/ETH</li>
 <li>WAVES/TRY</li>
 <li>WAVES/USDT</li>
 <li>WNXM/USDT</li>
 <li>XEM/USDT</li>
</ul>
<p>All trade orders will be automatically removed after trading ceases in each respective trading pair. Deposits of these tokens after June 18, 2024, at 03:00 (UTC) will not be credited to users’ accounts. Withdrawals of these tokens from Binance will not be supported after September 17, 2024, at 03:00 (UTC).</p>
<p>The announcement of the delisting has had an immediate impact on the prices of the affected tokens. As of the time of writing, OmiseGo (OMG) is down 9.42%, Waves (WAVES) has dropped 10.82%, Wrapped NXM (WNXM) is down 1.30%, and NEM (XEM) has fallen 7.49% in the last 24 hours.</p>
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<p>The post <a href="https://captainaltcoin.com/binance-to-delist-omisego-omg-waves-wrapped-nxm-wnxm-and-nem-xem-token-prices-crash/" rel="noopener noreferrer nofollow">Binance to Delist OmiseGO (OMG), WAVES, Wrapped NXM (WNXM), and NEM (XEM): Token Prices Crash</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Binance to Delist OmiseGO (OMG), WAVES, Wrapped NXM (WNXM), and NEM (XEM): Token Prices Crash

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