Trading platform Binance has announced delisting of several digital coins. The exchange will cease trading of the following coins: Bytecoin (BCN), ChatCoin (CHAT), Iconomi (ICN) and Triggers (TRIG).
As the company explained its move in the recent press release, these measures result from regular reviews that are carried out to maintain users' security and confirm the quality of the assets offered at the platform.
"In order to protect our users, the Binance team conducts comprehensive and periodic reviews of each digital asset listed on our platform to ensure projects maintain a high standard of quality. In the event a coin or token falls below this quality standard, it will be subject to further review and potentially delisted," the statement reads.
According to Binance, the digital asset assessment includes such items as quality and level of development activity, developers' interest in the project, the stability of the network and smart contract, public communication, contribution to a healthy and sustainable crypto ecosystem, etc.
At the same time, Binance spokesperson did not specify the reasons and conditions that were broken by the delisted projects.
According to the released report, trading of 4 digital coins will be stopped on October 12, whereas users will be able to withdraw assets till November 12.
"Going forward, we remain committed to protecting our users and all Binance stakeholders and will continue to perform periodic reviews of all listed coins and tokens," the company added.