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Binance recently delisted four cryptocurrencies from its exchange platform, thereby automatically causing those coins' values to plummet. What criteria do crypto exchanges apply when delisting currencies?
asked in Cryptocurrency 76 points

1 Answer

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Binance mentions the reasons in the article. Here's what they stated:

In order to protect our users, the Binance team conducts comprehensive and periodic reviews of each digital asset listed on our platform to ensure projects maintain a high standard of quality. In the event a coin or token falls below this quality standard, it will be subject to further review and potentially delisted.

For public transparency, we would like to disclose some factors that inform our decision to delist digital assets:

Commitment of team to project
Quality and level of development activity
Network / smart contract stability
Level of public communication and activity
Responsiveness to our periodic due diligence
Evidence of unethical / fraudulent conduct
Contribution to a healthy and sustainable crypto ecosystem
answered 13 points
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