Leading cryptocurrency exchange Binance has announced that it will delist Bitcoin Diamond (BCD), Cindicator (CND), Monetha (MTH), Nitro Network (NCASH) and YOYOW (YOYO) altcoins.
Binance used the following statements in its statement;
“Based on our most recent reviews, we have decided to remove and stop trading on all trading pairs for BCD, CND, MTH, NCASH and YOYO tokens at 12:00 CET on March 8, 2022. ”
Binance announced that 5 altcoins will be removed with the following statements;
“At Binance, we periodically review every coin 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 do a more in-depth review and potentially remove it from the list. We believe this best protects all of our users. We take several factors into account when conducting these reviews. Risk warning: Cryptocurrency trading is subject to high market risk. Please do your transactions carefully. Binance will do its best to select high-quality cryptocurrencies, but will not be liable for your trading losses.”
Binance said the following about the 5 altcoins it will remove;
- The exact trading pairs removed are: BCD/BTC, CND/BTC, MTH/BTC, NCASH/ETH and YOYO/BTC.
- All trade orders will be automatically removed after trading stops on each respective trading pair.
- To view your assets after trading has stopped, please make sure you do not select “Hide small assets” on your Funds page.
- These tokens will not be credited to your account after 09.03.2022.
- Withdrawal of these cryptocurrencies and altcoin projects from Binance will continue to be supported until 09.06.2022.
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