Binance has dropped many coins in standard transaction status into the innovation zone.
In the crypto ecosystem, there is an increase in cryptocurrencies that are rising and gaining popularity. However, on the other hand, cryptocurrencies that fell out of favor and disappeared have also increased a lot. Especially this year, many cryptocurrencies were delisted from exchanges.
In the morning, Binance reported that many cryptocurrencies were removed from the standard zone and moved to the innovation zone. Binance CEO CZ gave the message that if these coins do not improve, they can be delisted.
#Binance will move the following assets into the Innovation Zone on May 10, 2023:
AMB, ARK, BTS, DREP, FTT, GFT, JASMY, LOOM, MLN, OAX, OMG, PERL, PNT, SNM, SRM, VGX, WRX, and YFIIhttps://t.co/IhPvXlmd0i
— Binance (@binance) May 10, 2023
Binance Downgrades Many Coins!
Binance offers cryptocurrencies in two different categories as standard trading and innovation zone. While cryptocurrencies operating in the standard region are more active, projects that experience a decline or have risk are in the innovation region.
Making a new move in this context, the crypto exchange announced that it has moved 18 crypto money projects to the innovation zone. The cryptocurrencies that have fallen and CZ has warned of delisting are as follows;
- AMB
- ARC
- BTS
- DREP
- FTT
- GFT
- JASMY
- LOOM
- MLN
- OAX
- OMG
- PERL
- PNT
- SNM
- SRM
- VGX
- WRX
- YFII
Many crypto money projects on the list have been in the ecosystem for quite some time. However, according to Binance and CZ, these projects are experiencing problems with activity and progress.
Sharing on Twitter on the subject, CZ said;
Instead of direct delisting, as some of you have suggested, we’ll first move “non-progress projects” into the innovation zone. If they still don’t improve, we can remove them from the list. One more step.
https://twitter.com/cz_binance/status/1656231470959063041
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