Binance, the world’s largest cryptocurrency exchange, has decided to delist four altcoins: BitShares (BTS), PERL.eco (PERL), Tornado Cash (TORN), and Waltonchain (WTC). The listing status of these four altcoins will come to an end with the announcement made.
As of December 7th, at 06:00 UTC, the BTS/USDT, PERL/USDT, TORN/BUSD, WTC/BTC, and WTC/USDT trading pairs will be removed, and the mentioned altcoins will be delisted. Binance is considering specific criteria during this process.
Starting from December 8th, deposits for these altcoins will not be accepted. Withdrawals, on the other hand, will be suspended on March 7th, 2024, at 06:00 UTC.
Binance regularly conducts reviews to ensure that every listed altcoin meets high standards. Altcoins that fail to meet these standards or do not comply with industry changes are delisted.
Factors considered by Binance in delisting decisions include the commitment of the project team, the quality and level of development activities, trading volume and liquidity, resistance to attacks, security, stability of contracts, level of communication with the public, response to periodic status checks, evidence of ethical misconduct/fraudulent actions or negligence, and contribution to a healthy and sustainable crypto ecosystem.
These delisting actions are seen as part of Binance’s policies that need to be constantly updated and adapted to market conditions.