Binance Announces Delisting of TORN, BTS, PERL, and WTC
Binance exchange has announced the delisting of Tornado Cash (TORN), BitShares (BTS), PERLeco (PERL), and Waltonchain (WTC) projects due to their failure to meet the exchange's standards.
Binance Announces Delisting of TORN, BTS, PERL, and WTC
In its latest announcement, effective from 7th December 2023, Binance will no longer support Tornado Cash (TORN), BitShares (BTS), PERLeco (PERL), and Waltonchain (WTC) after evaluating the projects based on:
- Team commitment to the project
- Quality of development activities
- Volume and liquidity
- Security stability and resilience against attacks
- Public perception and media coverage
- Compliance with Binance's assessments
- Ethical violations, scams, or negligence
- Community contributions
As such, the listed projects did not meet Binance's criteria. The exchange will delist the following trading pairs: BTS/USDT, PERL/USDT, TORN/BUSD, WTC/BTC, WTC/USDT.
Notably, TORN, the leading privacy coin of Tornado Cash, plummeted by 31% following the news of its delisting from Binance, currently priced at $2.
https://cdn.coin68.com/images/20231127085445-e217464d-c497-4972-bd72-fd4ba108d576-149.jpg
TORN/BUSD chart 1D on Binance
Meanwhile, the other coins have also experienced similar declines, with PERLeco (PERL) down 34%, Waltonchain (WTC) down 20%, and BitShares (BTS) down 4.5%.
PERL 1D chart on Binance
WTC 1D chart on Binance
BTS 1D chart on Binance
This move reflects Binance's rigorous evaluation process and its commitment to maintaining high standards within its listed projects.
