The chief operating officer for the Helium Foundation, Scott Sigel has claimed there is “no basis” for cryptocurrency exchange Binance to delist several trading pairs of its cryptocurrency — Helium Network Token (HNT).
Sigel’s comments come after an Oct. 6 notice by Binance saying the exchange is removing the cross isolated margin and spot trading pairs for HNT and Binance USD (BUSD), Tether (
) and Bitcoin (
).
Binance “strongly advised” users to close any positions in its listed pairs as user positions will be forcibly closed, and any pending orders canceled on Oct. 12 with only spot trading for the HNT/BUSD pair remaining.
Jessica Jung, a Binance spokesperson, said in a statement to Forbes that the exchange periodically reviews its listed cryptocurrencies to ensure they continue “to meet a high level of standard.”
If an asset doesn’t meet the standard or “there are changes in the industry” it will delist it “in order to protect our users,” she explained.
Sigel, in response,...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...