Binance, the world’s largest cryptocurrency exchange by market capitalization, has decided to delist and cease trading on all trading pairs of four coins and tokens following a review.
Bytecoin (BCN), ChatCoin (CHAT), Iconomi (ICN) and Triggers (TRIG) will be delisted from October 12. However, withdrawals of these coins and tokens from Binance will continue to be supported for another 30 days until November 12.
The Binance team conducts periodic reviews of coins or tokens listed on its digital asset exchange platform in order to protect its users and to ensure that the digital assets do not fall below quality standards.
The review takes into account several factors such as commitment of team to project, quality and level of development activity, network / smart contract stability, responsiveness to periodic due diligence and evidence of unethical / fraudulent conduct.
In the event of a coin or token falling below the quality standard, it will be subject to further review and potential delisting.
With the crypto world always changing and evolving, some coins and tokens have not been able to maintain high standard of quality.