The world’s largest crypto exchange by trading volume, Binance is known for regularly assessing tokens listed on its platform and moving to delisting ones that don’t meet certain requirements. And following its latest assessment, three tokens are set to be delisted following failure to meet the required standard.
Binance to Delist SNM, SRM, YFII
The crypto exchange announced it would delist three tokens on August 22. These include SNM, the native token of Sonm, a decentralized fog computing platform; SRM, the native token of the decentralized exchange (DEX) Serum built on Solana; and YFII, the native token of DFI.Money, a fork of the decentralized finance (DeFi) aggregator platform, Yearn Finance.
Although Binance didn’t give any particular reason for this decision, it is clear that these tokens haven’t met the “high level of standard” that the exchange expects from all tokens listed on its platform.
The crypto exchange also takes certain factors into cognizance when maki
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