Binance has announced that it will be delisting five digital assets in the next few days. All trading activities of the coins will cease on the 22nd of this month at 10 am (UTC). The five affected coins are as follows.
- CloakCoin (CLOAK)
- Modum (MOD)
- SALT (SALT)
- Substratum (SUB)
- Wings (WINGS)
Reasons For Delisting
Binance constantly reviews each digital asset on its exchange. Those that do not meet a set list of criteria are delisted . Crypto traders on the platform are given adequate notice to adjust to the changes.
The team at Binance decides to delist a digital asset when the following is not met.