Binance Takes Decisive Action: Delisting Tokens to Uphold Standards

Binance, a leading global cryptocurrency exchange, has made a significant announcement regarding the delisting of several tokens. The affected tokens, including BTS, PERL, TORN, and WTC, will cease trading on December 7, 2023, at 06:00.

Delisted Tokens and Trading Pairs: December 7, 2023

In a move to uphold its high standards, Binance will delist the following trading pairs on December 7, 2023, at 06:00:

• BTS/USDT
• PERL/USDT
• TORN/BUSD
• WTC/BTC
• WTC/USDT

Impact on Deposits and Withdrawals

Crucially, deposits for these tokens made after 06:00 on December 8, 2023, will not be credited to users' accounts. Additionally, withdrawal support from Binance will cease after 06:00 on March 7, 2024.

Binance's Rigorous Evaluation Process

Binance conducts periodic reviews of each digital asset listed on its platform to ensure they maintain the expected high standards. If a coin or token no longer meets these standards or if industry dynamics change, a deeper review is initiated, potentially leading to delisting.

Factors Influencing Delisting Decisions

The decision to delist a digital asset is multifaceted and considers various factors, such as the team's commitment to the project, development activity, trading volume, liquidity, network security, stability, and public communication. Binance also evaluates responsiveness to due diligence requests and instances of unethical behavior or negligence.

Commitment to User Protection

Binance asserts that delisting tokens that fall short of its standards is a measure aimed at safeguarding its user base. The decision aligns with the exchange's dedication to maintaining a healthy and sustainable crypto ecosystem.