Binance Will Delist 4 Altcoins

Binance, the world's largest cryptocurrency exchange by volume, will delist 4 altcoins. Those altcoins will be DLT, GVT, SKY and POA.

Binance, the world's largest cryptocurrency exchange by volume, announced that it will remove 4 cryptocurrencies from its platform. According to the statement, these will be altcoins DLT, GVT, SKY and POA. From November 5, 2021, these cryptocurrencies will no longer be able to be traded. Withdrawals for the aforementioned altcoins will continue until May 5, 2022. After the decision, GVT fell 55 percent, POA 50 percent, SKY 48 percent and DLT 33 percent. According to Binance's official statement, every digital asset is regularly reviewed to ensure it continues to meet the high expected standard. When a coin or token no longer meets this standard or the industry changes, a more in-depth review is done and the asset is potentially delisted. The variables that are taken into account when making these reviews are: * Team commitment to the project * Level and quality of development activity *Network / smart contract stability *Trading volume and liquidity *Public communication level *Sensitivity to periodic status detection *Proof of unethical / fraudulent behavior *Contribution to a healthy and sustainable cryptocurrency ecosystem