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Binance reported to remove five cryptocurrency from trading

Binance Cryptocurrency Exchange reported that in the near future five coins will be withdrawn from trading. In particular, the idea of ​​CLOAK (CloakCoin), Modum (MOD), SALT, Substratum (SUB) and WINGS. All of the above coins will not only be withdrawn from trading, but also removed from the cryptocurrency exchange listing.

Removing coins from the platform should be held on February 22. The representatives of the site are yet to name the reasons for such radical action. But it is noted that in the future they plan to purge after each audit inside the exchange. It is possible that the adoption of measures is due to the inconsistency of token networks with platform standards.

The company noted that even last year a list of characteristics was compiled with which the coins must match. It includes the following criteria:

1.The stability of smart contracts and networks.
2.Powerful development team.
3.Communication with representatives of the exchange.
4.Contribute to the progress of the cryptocurrency ecosystem.
5.Work with the community.
6.Indicators of bidding.

There is a possibility that the above coins no longer meet certain criteria of the Binance cryptobirth. Details of the listing will be made public after February 22, when it takes place. Binance is an international cryptocurrency exchange founded by Changpeng Zhao in 2017 in China, and its current headquarter is in Japan due to the Chinese cryptocurrency trading ban for financial firms.

Earlier it was reported that Mitsubishi UFJ Financial Group will launch a blockchain payment platform in December.

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