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Binance announces it will delist two tokens and drops cryptocurrency prices by up to 50%

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by COINS NEWS 125 Views

Binance announced this Friday (17th) that it will exclude two cryptocurrencies that no longer meet the standards required by its trading platform.

Trading of Helium (HNT) and Wabi (WABI) tokens will be stopped and then the assets will be removed.

With the delisting news, the tokens fell in price. HNT has already lost over 12% in the last 24 hours while Wabi is down over 50% at the time of writing.

The exact pairs that will be affected are Helium/Binance Dollar (HNT/BUSD) and Wabi/Bitcoin (WABI/BTC). The statement points out that “all trading orders will be automatically removed” and that “as of 03/25, deposits of these tokens will not be accepted”.

Other Binance products begin to be affected even before the token is delisted, the note warns. Crypto Loans, for example, will liquidate tokens on 03/22. Binance Futures will liquidate contacts from the 20/03.

submitted by /u/Smooth-Complaint-353
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