Based on their most recent reviews, they have decided to delist and cease trading of 5 coins
The world's Top cryptocurrency exchange by adjusted trading volume, Binance has announced to delist 5 coins from its trading platform.
As per the recent announcement, Based on its most recent reviews, it has decided to delist and cease trading on all trading pairs for the following coins and tokens on 2019/02/22 at 10:00 AM UTC:
CloakCoin (CLOAK)
Modum (MOD)
SALT (SALT)
Substratum (SUB)
Wings (WINGS)
Important things to keep in mind is :
All trade orders will be automatically removed after trading ceases in each respective trading pair.
To view your assets after trading ceases, please ensure you have not selected “Hide small assets” in your Funds page.
Withdrawals of these coins and tokens from Binance will continue to be supported until 2019/05/22 at 10:00 AM UTC.
Binance periodically review each digital asset they list to ensure that it continues to meet the high level of standard they expect. When a coin or token no longer meets standards, or the industry changes, they conduct a more in-depth review and potentially delist it. They believe this best protects all of their users.
Binance also stated :
When we conduct these reviews, we consider a variety of factors. Here are some that drive whether we decide to delist a digital asset:
Commitment of team to project
Level and quality of development activity
Network / smart contract stability
Level of public communication
Responsiveness to our periodic due diligence requests
Evidence of unethical / fraudulent conduct
Contribution to a healthy and sustainable crypto ecosystem
As far as coins are concerned, step taken by binance may effect the price of all the above coins temporarily.
Disclaimer & Suggestion : Please always to your due diligence before investing in any cryptocurrency or project. This article must not considered as a financial advice.