From Investing.com: 2024-06-03 08:48:51

Binance will delist OMG Network (), Waves (), WNXM (), and NEM () on June 17, 2024, impacting market prices of these altcoins. The decision aims to ensure a safe trading environment with criteria including project dedication, development quality, trading activity, compliance, and community engagement.

Affected trading pairs like OMG/USDT, WAVES/USDT, and XEM/USDT will be canceled on June 18. Withdrawals will remain possible until September 17, 2024, while Binance will stop supporting these coins in various services. Investors can convert these coins into stablecoins after September 18, 2024.

Following the announcement, OMG decreased by 25.76%, WAVES by 27.06%, XEM by 28.73%, and WNXM by only 3.27%. This reflects Binance’s significant impact on cryptocurrency markets, as seen in previous delistings causing coins to halve in value. Conversely, listing new tokens has led to price surges of over 25%.

Read more at Investing.com: Binance announces decision to delist 4 altcoins amid sharp price decline By Investing.com