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Binance to Delist HNT and WABI

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Binance to Delist HNT and WABI

On March 17th, according to an official announcement, Binance will take off the shelves of HNT and WABI and stop trading on HNT/BUSD and WABI/BTC trading pairs at 11:00 pm Beijing time on March 24th. After the transaction of each corresponding transaction pair is stopped, all transaction orders will be automatically deleted.

Binance will be taken off the shelves of HNT and WABI on March 24th

Analysis based on this information:


According to an official announcement made on March 17th, Binance, one of the leading cryptocurrency exchanges in the world, will delist two trading pairs, HNT/BUSD and WABI/BTC, and the two tokens, HNT and WABI from its platform. The delisting process will begin on March 24th at 11:00 pm Beijing time, and all outstanding transaction orders will be deleted automatically after the trading pairs become inactive.

The primary reason behind the decision to delist HNT and WABI is not disclosed. However, it is common for exchanges to remove tokens that have a low trading volume, lack community support or have security issues. These factors could have been considered by Binance before deciding to remove these tokens.

For investors holding these tokens, it is important to consider the impact of the delisting. With no trading pair available on Binance, investors may have to transfer their holdings to other exchanges or wallets, which could involve additional fees and a risk of losing their investment if they fail to do so in time.

The delisting of tokens is not an uncommon occurrence in the cryptocurrency world, and it serves as a reminder to investors to do their research before investing in any cryptocurrency. Projects with strong communities, active development, regulatory compliance, and a clear vision have a higher chance of staying on major exchanges.

In conclusion, Binance will delist two trading pairs, HNT/BUSD and WABI/BTC, and the two tokens, HNT and WABI, from its platform on March 24th, 2021. The reasons behind the delisting remain undisclosed, but it is likely due to low trading volume, limited community support or security issues. Investors holding these tokens should consider transferring their holdings to other exchanges or wallets to avoid losing their investment. This incident signifies the importance of doing adequate research before investing in cryptocurrencies.

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