Binance regularly reviews each crypto asset to ensure it meets high standards and industry requirements. If a coin or token does not meet these standards or the industry landscape changes, Binance will conduct a more detailed review and potentially delist it. As a result of recent reviews, it was announced that Kaon (AKRO), Bluzelle (BLZ coin), and WazirX (WRX) will be delisted on December 25, 2024. Spot trading pairs for these tokens will be removed and trading will stop. In addition, important explanations are also made about Binance Futures, Binance Funding Rate Arbitrage Bot, Binance Simple Earn and Binance Margin. Here are all the details…
Binance delists BLZ coin, WRX and AKRO
Binance, the world’s largest cryptocurrency exchange with daily trading volume, announced the delist of three altcoins. In its announcement, the exchange first mentioned the reasons for the delist and used the following statements:
At Binance, we regularly review every crypto asset we list to ensure it continues to meet high standards and industry requirements. When a coin or token no longer meets these standards or the industry landscape changes, we conduct a deeper review and potentially delist it. Our priority is to provide the best services and protections for our users while continuing to adapt to evolving market dynamics. We consider a variety of factors when conducting these reviews. Some factors that made us decide to delist the crypto asset:
Team commitment to the project
Level and quality of development activity
Trading volume and liquidity
Stability and security of the network against attacks
Network / smart contract stability
Level of public communication
Responding to our periodic due diligence requests
Evidence of unethical/fraudulent behavior or negligence
New regulatory requirements
Contributing to a healthy and sustainable crypto ecosystem
Altcoin prices declined
The exchange announced that based on the latest reviews, it has decided to delist Bluzelle (BLZ coin), Kaon/Akropolis (AKRO), and WazirX (WRX) on December 25, 2024 at 06:00 AM PT. The fully removed trading pairs are: AKRO/USDT, BLZ/BTC, BLZ/USDT, WRX/USDT. All trade orders will be automatically removed after the end of trading in each respective trading pair. The withdrawal of tokens is not supported after February 25, 2025.
Following the developments, the AKRO price fell by 32 percent. The coin is currently changing hands at $ 0.0028. Bluzelle, on the other hand, is trading at $0.1119, down 19.55 percent. Finally, WazirX took the biggest hit with a 41 percent drop. The coin is operating at $ 0.14.
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