Binance Delists BCN (Bytecoin), CHAT, ICN, TRIG

Binance Delists BCN (Bytecoin), CHAT, ICN, TRIG

According to representatives of Binance, the team of the exchange does not stop working on the analysis of projects that are represented there. This is done in order to exclude from the trading coins, which are not of sufficient value and are not backed by real projects.

On the official website of the exchange, the main factors that are taken into account by Binance experts in the listing / delisting process of cryptocurrencies have been made public:

  • network stability and smart contracts;
  • quality and level of development of a blockchain platform;
  • the level of interest of the crypto community and the activity of a project team;
  • information about fraudulent or other illegal actions of a company;
  • the level of contribution to the formation of a healthy crypto ecosystem;
  • responsiveness to periodic requests from the exchange.

Apparently, several cryptos have not satisfied the requirements of the exchange. Since Friday, October 12, 2018, at 10:00 AM (UTC), the following coins will no longer be traded at Binance:

  • Bytecoin (BCN);
  • ChatCoin (CHAT);
  • Iconomi (ICN);
  • Triggers (TRIG).

If you hold these tokens, then you should start exchanging them for more reliable coins. However, not everything is so bad, as “banned” coins can be withdrawn from the exchange within the whole month until November 12, 2018.

Such an event will undoubtedly affect the price of the abovementioned coins. However, it’s no reason to worry, especially if you have already sold them, or have never bought them. BCN, CHAT, ICN, and TRIG cannot be called serious coins. Their projects slightly affect the situation on the market.

Please note that lately Binance has been paying a lot of attention to processes of listing and delisting. They become more transparent. In this context, you will certainly be interested in the recent news about listing fees on Binance.

It should also be noted that on November 9, 2018, Cryptopia will delist many small-cap coins, such as SLG, EVIL, PEPE, etc.