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One of the largest exchange on the crypto space, Binance with an estimated market cap of $475,898,758 is set to delist the following coins below:
- SALT(SALT)
- WingsWINGS)
- Substratum (SUB)
- cloakCoin (CLOAK)
- Modum (MOD)
This action will commence on the 22 of February at around 10.00 AM UTC precisely.
According to CoinGape, it's Binance custom to sporadically review every digital asses/project before listing on the platform. Moreover, the coin getting listed must be of high quality that'll meet Binance standard.
Following the delisting of these five tokens, all trade orders will automatically be removed. Additionally, Binance will assist crypto traders when withdrawing funds from these coins till Feb 22, at 10.00 UTC.
It was officially announced on their [website[(https://support.binance.com/hc/en-us/articles/360023570292), it states that;
At Binance, we periodically review each digital asset we list to ensure that it continues to meet the high level of standard we expect. When a coin or token no longer meets this standard or the industry changes, we conduct a more in-depth review and potentially delist it.source
Reference:
CoinGape
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