The war between Russia and Ukraine continues to affect the bitcoin market as well as the stock markets. While the Bitcoin market takes flight after the sanctions imposed on Russia, a large number of crypto money aid continues to be sent to Ukraine.
Binance, one of the giants of the crypto money market, has removed 5 altcoins from the list, saying that they have removed the tokens and cryptocurrencies that do not meet their standards in order to continue to maintain their high standards. So which are these altcoins and what were the reasons for their delisting? Let’s have a look…
BCD, CND, MTH, NCASH and YOYO have been delisted
According to the statement by Binance, this unlisted one was made by considering various factors. tokens and altcoins that have been discontinued by the drop; Bitcoin Diamond (BCD), Cindicator (CND), Monetha (MTH), Nitro Network (NCASH) and YOYOW (YOYO). In addition, Binance stated that they will continue to work with cryptocurrencies that meet their high standards and will do their best to list cryptocurrencies that meet this quality, but they are not responsible for any commercial losses that may occur or may occur.
Some of the reasons why Binance made this decision are as follows:
- Team commitment to the project
- Level and quality of development activities
- Transaction volume and liquidity
- Network stability and security against attacks
- Network/smart contract stability
- Public level
- Quick response to our periodic drill requests
- Evidence of unethical/fraudulent behavior or neglect
- Contribution to a healthy and sustainable crypto ecosystem
Binance also issued the following warnings to its users:
- Removed trading pairs: BCD/BTC, CND/BTC, MTH/BTC, NCASH/ETH and YOYO/BTC.
- All trading orders will be automatically removed after trading is stopped on each trading pair.
- To view your assets after trading has been stopped, please make sure you have not checked the “Hide small assets” option on the Funds page.
- Deposits made after 03:00 (CET) on 09/03/2022 for these tokens will not be credited to your account.
- Withdrawal of these coins and tokens from Binance will continue to be supported until 03:00 (CET) on 09/06/2022.
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