Binance has marked its presence as one of the largest crypto exchanges in the world. The exchange began providing services in 2017. It has more than 30 million users worldwide. The exchange is straightforward and offers a cheap transaction fee. Unlike other trading platforms, Binance expanded and hired personnel throughout the sluggish, dropping market of 2022.
The crypto exchange provides a trading platform for over 600 different currencies. Binance is always adding new prospective coins and delisting coins to guarantee that they provide a reliable portfolio of coins to trade on. The exchange has an established user base and a name in the industry.
Binance delistings in 2022
Binance examines all listed assets on its platform on a regular basis to ensure that they continue to fulfill the exchange’s high standards. However, if the periodic assessment determines that the coin no longer fits the established criteria, the exchange delists it. According to the exchange, this approach protects consumers from placing their money into any bad project.
Among the elements considered by the exchange during the evaluation is the team’s dedication to the project, development activities, trading volume and liquidity, network safety, and public communication, among others.
Binance has the right to withdraw a coin from its exchange if it fails to meet the mentioned conditions.
Below are some of the coins that were removed by the exchange in 2022:
- EasyFi (EZ)
- USDC
- TUSD
- USDP
- Groestlcoin (GRS)
- Nebulas (NAS)
- GoChain (GO)
- QuantStamp (QSP)
- Bread (BRD)
- Nexus (NXS)
- Navcoin (NAV)
- Moeda Loyalty Points (MDA)
- Spartan Protocol (SPARTA)
Users can be more confident when investing in any cryptocurrency listed on Binance because the site has tight rules for new coin listings. Even if a currency is removed, the site always presents fresh prospective currencies for users to keep an eye on. This provides users with a diverse variety of assets from which to trade.