Binance Announces Removal of 4 Cryptocurrencies and Prices Crash
Binance has announced the removal of four cryptocurrencies from its trading platform. According to the cryptocurrency exchange's announcement, released this Monday (17), the tokens AirDAO (AMB), CLV (CLV), StormX (STMX) and VITE (VITE) will have all their trading terminated on February 24, 2025, at 03:00 UTC (midnight, Brasília time).
As reported by Binance, the decision to delist cryptocurrencies follows a periodic review process. The objective is to ensure that the listed assets meet the exchange's standards.
Reasons for delisting cryptocurrencies
Binance reported in the statement that it evaluates several criteria before deciding to remove a digital asset. Among other things, the exchange analyzes:
Team commitment to the project;
Development quality;
Trading volume and liquidity;
Network security;
Levels of public reporting and transparency
Regulatory requirements.
Deadlines and impacts to users
The removed trading pairs include AMB/USDT, CLV/BTC, CLV/USDT, STMX/TRY, STMX/USDT, and VITE/USDT. Binance has stated that it will automatically close all trading orders upon closure.