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‘No basis’ for Binance’s partial delisting of HNT — Helium COO

by Repost Admin October 10, 2022, 7:41 am 1000 Views

Multiple trading pairs of the Helium Foundation’s token will soon be removed from Binance, with the exchange saying it delists assets if it no longer meets “high standards.”

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 cross, isolated margin and spot trading pairs for HNT and Binance USD (BUSD), Tether (USDT) and Bitcoin (BTC).

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 pe