Binance Announces Delisting of Four Cryptocurrencies

Binance, a leading cryptocurrency exchange, has announced that it will delist four cryptocurrencies: OmiseGO (OMG), Waves (WAVES), Wrapped NXM (WNXM), and NEM (XEM). This decision will take effect on June 17, 2024, at 6:00 AM UTC.

As part of this process, all trading pairs involving these cryptocurrencies will be removed from the platform. This means that after the specified date, users will no longer be able to trade these tokens on Binance.

The trading pairs to be delisted are as follows: OMG/USDT, WAVES/BTC, WAVES/ETH, WAVES/TRY, WAVES/USDT, WNXM/USDT, and XEM/USDT.

Waves, established in 2016, gained recognition as one of the first systems allowing the creation of smart contracts and decentralized applications on the blockchain. It garnered significant attention during the 2017 bull market and achieved a historic price peak of over $50 in 2022. Following Binance’s announcement, Waves experienced a sharp decline of over 20%, falling below $2.

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In March, Binance.US, the American arm of Binance, also delisted Waves. Therefore, the market had anticipated a similar move by the main exchange.

Starting from 6:00 AM UTC on June 18, 2024, deposits for these four cryptocurrencies will no longer be accepted. Additionally, from 6:00 AM UTC on September 17, 2024, withdrawals of these tokens will not be reflected in user accounts.