{"id":31804,"date":"2024-06-03T10:44:51","date_gmt":"2024-06-03T10:44:51","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/binance-to-delist-omg-xem-and-waves-token-prices-tumble\/"},"modified":"2024-06-03T10:44:51","modified_gmt":"2024-06-03T10:44:51","slug":"binance-to-delist-omg-xem-and-waves-token-prices-tumble","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/binance-to-delist-omg-xem-and-waves-token-prices-tumble\/","title":{"rendered":"Binance to delist OMG, XEM and WAVES; token prices tumble"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1679414544796-0fd8aa7f-8a78-46b7-9a20-4d9497c94c6a-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1679414544796-0fd8aa7f-8a78-46b7-9a20-4d9497c94c6a-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1679414544796-0fd8aa7f-8a78-46b7-9a20-4d9497c94c6a-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/03\/1679414544796-0fd8aa7f-8a78-46b7-9a20-4d9497c94c6a-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Binance announced the delisting of OMG Network, NEM and Waves coins on June 17, 2024.<\/span><\/li>\n<li>The exchange will end support for withdrawals on September 17.<\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/coinjournal.net\/news\/tag\/binance\/\">Binance<\/a> has announced the delisting of four altcoins, news that has seen the said tokens nosedive amid market reaction.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The exchange notified the crypto community of the impending delisting on Monday, June 3, with <a href=\"https:\/\/coinjournal.net\/omg-network\/\">OMG Network price<\/a> falling sharply alongside that of the other tokens.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Binance delists XEM, OMG and WAVES<\/span><\/h2>\n<p><span style=\"font-weight: 400\">According to Binance, trading support for the four altcoins will cease on June 17, 2024, at 03:00 (UTC). Specifically, the exchange will end support for spot trading pairs for OMG Network, <a href=\"https:\/\/coinjournal.net\/nem\/\">NEM<\/a>, <a href=\"https:\/\/coinjournal.net\/waves\/\">Waves<\/a> and Wrapped NXM. <\/span><\/p>\n<p><span style=\"font-weight: 400\">The action against the four cryptocurrencies follows internal reviews that target adherence to industry standards and requirements.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201c<em>When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it. Our priority is to ensure the best services and protections for our users while continuing to adapt to evolving market dynamics<\/em>,\u201d the exchange wrote in the <a href=\"https:\/\/www.binance.com\/en\/support\/announcement\/binance-will-delist-omg-waves-wnxm-xem-on-2024-06-17-f65faeeefe07417a8b6dd2900ba8da7e\" target=\"_blank\" rel=\"noopener\">announcement<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Per the notice, reviews involve factors such as team\u2019s commitment to the project, development activity, trading volume and liquidity and network security. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Binance also regularly reviews projects in terms of their smart contract stability, level of public communication and new regulatory requirements among other factors.<\/span><\/p>\n<h3><span style=\"font-weight: 400\">Key details<\/span><\/h3>\n<p><span style=\"font-weight: 400\">According to the exchange, the trading pairs to be removed include MG\/USDT, WAVES\/BTC, WAVES\/ETH, WAVES\/TRY, WAVES\/USDT, WNXM\/USDT, and XEM\/USDT. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Withdrawals will halt on September 17, 2024 at 03:00 (UTC).<\/span><\/p>\n<p><span style=\"font-weight: 400\">Binance has previously <\/span><a href=\"https:\/\/coinjournal.net\/news\/monero-xmr-dips-after-binance-announced-delisting\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">announced<\/span><\/a><span style=\"font-weight: 400\"> delistings for tokens such as Monero (XMR), Aragon (ANT) and Multichain (MULTI) based on such due diligence.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">OMG, XEM and WAVES tumble<\/span><\/h2>\n<p><span style=\"font-weight: 400\">OMG Network, (OMG), Waves (WAVES), NEM (XEM) and Wrapped NXM (WNXM) are all down as the altcoins tumble amid the major announcement from Binance.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to data from CoinGecko, OMG Network price was down 27% to near $0.50, while NEM traded 30% down at $0.025. Meanwhile, WAVES, which traded at highs of $4.81 in mid-March, was down 27% to around $1.70.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Wrapped NXM slipped nearly 5% after the news to hit $80.75 at the time of writing.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/binance-to-delist-omg-xem-and-waves-token-prices-tumble\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Binance announced the delisting of OMG Network, NEM and Waves coins on June 17, 2024. The exchange will end support for withdrawals on September 17. Binance has announced the delisting of four altcoins, news that has seen the said tokens nosedive [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":31805,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31804"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=31804"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31804\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/31805"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=31804"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=31804"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=31804"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}