Binance To Delist Major Altcoins In June

In the latest development, Binance has announced to delist and cease the trading of significant altcoins OmiseGO (OMG), Waves (WAVES), Wrapped NXM (WNXM), and NEM (XEM) set to take effect on June 17th, 2024.

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Why do exchanges delist coins? I've never really known why and would appreciate more insight towards it.

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There’s always a stated agreement between the project owner and the exchange. So once the project doesn’t do the needful anymore, the exchange will delist. Another reason is when the project is involved in illegal activities