Binance is planning to remove several tokens from its listing on 24 February. After a periodic review, it is found that they no longer meet the required standards.
recently Information For traders, Major Crypto Exchange announced that it would remove five tokens from its listing, including Airdao, Clover Finance, Stormx and Vite. The decision to deliver them comes after a periodic digital asset review of the binense of the token.
“When a coin or token no longer does not change the scenario of these standards or industry, we review more deeply and remove it potentially,” the exchange explained in a statement.
The four tokens will be removed from the Binen Listing on 03:00 UTC on 24 February. Till then, token trading couples will also be removed, including Amb/USDT, CLV/BTC, CLV/USDT, STMX/Try, Stmx/USDT, and Vite/USDT.
The deposit and withdrawal for the above tokens will be closed at 3:00 UTC on February 25. However, Binance gives users some hope that the token still conducted within Person can be potentially converted into stabechoin after 25 April at 03:00 UTC on 25 April.
On the other hand, the Binense Funding Rate Arbitraj Bot will shut down all arbitration strategies and will conduct an automated disposal on Ambusdt and StmxusDT symbols on 20 February at 05:30 UTC on 20 February.
Following the news of the token reports, all four tokens experienced the recession in the price. Wit experienced the worst decline, falling for about 45% minutes after the binense delisting announcement was published. The native token of the Vite platform is currently trading at around $ 0.0045.
Similarly, Airdao also experienced a sharp decline after a delisting notice. The token has fallen by 37% in the last 24 hours. In the previous month, Amb has been reduced by more than 60%.
Last year, Airdao fell victim to a hacker attack, resulting in a decrease of 126.5 eth and 41.61 million Amb tokens. The stolen funds were later transferred to several exchanges including Mexc, Kucoin and Binance.
Clover Finance token, CLV saw a decrease of more than 12.3% after notice. It is currently trading at $ 0.0417. Meanwhile, the STMX is immersed by only 6.5% after being removed from the exchange.
According to Coingecko, binance is the largest contributor to the trading volume for all four-more than delicated coins, which is more than 72% of all trading activity for Airdao and Vite.
