Binance is delisting Three Tokens

In crypto market exchange listing and delisting, both are important. Its important as we need to plan our activities accordingly. When a token is listed on the exchange then its going to get more trading volume which can result in value appreciation. Similarly when the exchange delists the token then it goes against the token and project because it affects trading volume.

Every exchange follows certain criteria for the listing and delisting process. Its a normal price in the crypto market but important to keep an so that things can be planned accordingly Otherwise, we may hold the tokens that are listed and because of this sale or transfer might not be possible.

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Binance has announced the delisting of 3 crypto tokens today. The exchange never shared the exact reason for delisting but this time all these three coins are popular and known in the market. Since we don't know the reason why its getting but if in case you are holding these tokens then either sell or transfer to another wallet.

Cryptocurrency exchange Binance has announced the delisting of NEM (XEM), OMG Network (OMG), and Waves (WAVES). These pairs will not be available for either spot or margin trading.

After this announcement, the prices for these tokens have gone down and the exchange will list the coin on 17th June. They will also disable the depositing from 18th June and after 18th September withdrawal will be halted. This is the timeline for the coins and whoever is holding these tokens must follow the suggested steps to get it done and avoid last-minute issues.

Its time to check your wallet and see if in case you are holding these 3 coins and if not then there is no action required but if you have then act accordingly to avoid any loss later.

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Posted Using InLeo Alpha