cryptonews.net
Helium Foundation COO Scott SIGEL said that the Binance crypto exchange has no reason to delist several trading pairs of its cryptocurrency – Helium Network Token (HNT). Sigel’s comments come after Binance’s October 6 notification that the exchange intends to remove cross-isolated margin and spot trading pairs for HNT and Binance USD (BUSD), Tether (USDT), and Bitcoin (BTC).
Binance has "strongly advised" users to close any positions in the listed pairs as user positions will be forcibly closed and all pending orders canceled on October 12th, leaving only HNT/BUSD spot trading. Jessica JUNG, a spokeswoman for Binance, stated that the exchange periodically reviews its listed cryptocurrencies to ensure they continue to “meet high standards.” If an asset doesn’t meet the standard or there are changes in the industry, the exchange will delist it to protect users, she said.
Sigel responded by saying:
“There is no basis for Binance to delist several HNT pairs. There has been no change to the integrity of HNT and it continues to meet all of the standards the exchange sets. There are dozens of other exchanges that continue to support HNT. We hope Binance reverses course and re-lists the other HNT trading pairs soon.”
At the time of writing, HNT is trading at $4.62, down 91.6% from its all-time high of $54.88.
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