crypto

Title: Binance's delisting of altcoins in June suggests insights into the cryptocurrency market
Introduction: 
1. Binance to delist several altcoins at the start of June

On June 3rd, Binance announced the delisting of several altcoins, including OMG Network ($OMG), Waves ($WAVE), Wrapped NXM ($WNXM), and Nem ($XEM). Notably, some of these altcoins, such as $OMG, $WAVE, and $XEM, had been closely associated with the early growth stages of the cryptocurrency market.

In its announcement, Binance cited a few key criteria that led to the decision to delist these altcoins, including:

The level of commitment and quality of operations by the project’s development team
The trading volume and liquidity of altcoin
The development and engagement of the project’s community
Altcoin’s overall contribution to the broader cryptocurrency ecosystem

It appears the aforementioned projects were unable to sufficiently demonstrate adherence to the standards set by Binance for continued listing on the exchange.

One of the potentially most important factors seems to be the trading volume of altcoin. Robust trading volume, even for newly launched projects, can signify a large and engaged community of investors, as exemplified by recent examples like Notcoin ($NOT) and Memecoin ($MEME), which were quickly listed on Binance due to their sizable user bases and high trading activity.