Leading Crypto Exchange Binance Delists 7 Cryptocurrencies
Binance, the leading cryptocurrency exchange, has decided to delist 7 cryptocurrencies. (Delist means to remove from the list. It refers to the removal of any asset listed on traditional and cryptocurrency trading exchanges.)
Binance, the world's largest cryptocurrency exchange in terms of trading volume, announced on Thursday, August 4th that they decided to 'Delist' all trading pairs on the platform for EasyFi (EZ), Quantstamp (QSP), Bread (BRD), Nexus (NXS), Navcoin (NAV), Moeda Loyalty Points (MDA) and Spartan Protocol (SPARTA).
Binance made the following statements about the decision to delist cryptocurrencies from the exchange:
"At Binance, we regularly review every digital asset we list to ensure it continues to meet the high standard we expect. When a coin or token no longer meets this standard or the industry changes, we conduct a deeper review and potentially delist it. We believe this best protects all our users.
In addition, Binance stated that users' existing transactions will be automatically closed as of the specified date and pending transactions will be canceled, and that they will support the withdrawal of digital assets until November 12, 03:00 Turkey time.