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Binance, consistently among the world’s largest exchanges and one of the most influential, announced on October 9th that it will be delisted four coins–Bytecoin (BCN), ChatCoin (CHAT), Iconomi (ICN), and Triggers (TRIG). The highest profile project among them was Bytecoin. BCN plummeted 15 percent with the news.Per its blog post announcement, Binance’s stated reasons for the delistings are:
- Commitment of team to project
- Quality and level of development activity
- Network / smart contract stability
- Level of public communication and activity
- Responsiveness to our periodic due diligence
- Evidence of unethical / fraudulent conduct
- Contribution to a healthy and sustainable crypto ecosystem