Binance Begins Delisting Tokens That Don’t Live Up To The Platform’s Standards
The leading crypto exchange Binance started a process of delisting coins that have failed to live up to the platform’s standards.
The first five coins that will have this fate are the following: CloakCoin (CLOAK), Modum (MOD), SALT (SALT), Substratum (SUB) and Wings (WINGS).
Starting February 22nd, users will not be able to trade these coins anymore on the crypto exchange, but they can continue to withdraw their coins.
“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. We believe this best protects all of our users. When we conduct these reviews, we consider a variety of factors,” according to the crypto exchange.
Required features to stay on Binance
Binance also detailed the criteria to determine which coins to delist.
- The commitment of the team to the project
- Level and quality of development activity
- Network/smart contract stability
- Level of public communication
- Responsiveness to periodic due diligence requests
- Contribution to a healthy and sustainable crypto ecosystem
Binance supports XRP
Ripple and XRP fans can rest assured that their favorite token is here to stay.
Binance has been showing massive support for it, and their latest move especially will definitely boost XRP.
Changpeng Zhao listened to the community feedback, and he decided to add a new feature to Binance that allows buying XRP with credit cards via the crypto exchange.
It’s useless to say how much this will support the XRP adoption.
This much-awaited feature is a result of Binance’s partnership with a payment processing company that is called Simplex.
From now on, users will be able to buy XRP without too much hassle.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.