Binance to Delist AirDAO, CLV, StormX, and VITE Tokens
Binance is delisting four tokens: AirDAO (AMB), CLV, StormX (STMX), and VITE (VITE). The decision follows Binance's review process to maintain platform standards.
Key Details
- Trading for AMB, CLV, STMX, and VITE stops on February 24.
- Futures trading for AMB and STMX ends on February 21.
- Withdrawals available until April 24; deposits not credited after February 25.
- Auto-invest plans canceled after February 19.
- Conversion to stablecoins for delisted tokens is uncertain.
Reasons for Delisting
- Project development stagnation.
- Lack of communication from the project team.
- Significant drop in trading volume.
- Security vulnerabilities in the network.
- Non-compliance with legal requirements.
Following the announcement, the market values of the affected tokens declined. Other exchanges are also delisting assets like Tether’s USDT due to regulatory compliance issues related to the EU's Markets in Crypto Assets (MiCA) regulations.