Binance, a global leader in cryptocurrency exchange, has announced the delisting of four tokens – BitShares (BTS), PERL.eco (PERL), Tornado Cash (TORN), and Waltonchain (WTC) – scheduled for December 7, 2023. This decision follows Binance’s rigorous periodic review of digital assets, ensuring they meet their high standards.
Criteria for Delisting Digital Assets
Binance’s decision to delist certain tokens is driven by multiple factors, including the commitment of the project team, level and quality of development activity, trading volume, network stability, and evidence of ethical conduct. These criteria help Binance maintain a secure and trustworthy platform for its users.
Details of the Delisting Process
Effective December 7, 2023, at 03:00 UTC, all trading pairs for BTS, PERL, TORN, and WTC will be removed from Binance. Users are advised to manage their trades and balances accordingly, as all trade orders will be automatically removed after trading ceases. Additionally, deposits for these tokens post-December 8 will not be credited, and withdrawals will not be supported after March 7, 2024.
Binance’s Additional Measures
The delisting also affects other Binance services. Binance Simple Earn, Binance Loans, Binance Gift Card, Binance Pay, and Trading Bots services related to these tokens will also see changes or cessation. Users are encouraged to adjust their holdings and plans in these services before the specified dates to avoid inconvenience.
Commitment to a Sustainable Crypto Ecosystem
Binance emphasizes its commitment to building a transparent and sustainable crypto ecosystem. The delisting decision aligns with this vision, as Binance continues to adapt to the evolving digital asset landscape while prioritizing user security and market integrity.
Conclusion
Binance’s decision to delist BTS, PERL, TORN, and WTC is a significant move, underscoring the importance of continual assessment and adherence to high standards in the dynamic world of cryptocurrency. Users and stakeholders are advised to take note of the changes and adjust their strategies accordingly.
