Binance, one of the largest cryptocurrency exchanges in the world, has announced that it will be delisting the stock “BEAM” from its platform. Withdrawals of BEAM from Binance will continue to be supported until 2023-04-27 at 01:00 (UTC). BEAM also shared this news on Twitter.
Unfortunately Binance has made the decision to delist Beam. Despite this, Beam continues to build for the future, one with privacy and decentralisation at its core.— BeamPrivacy (@beamprivacy) January 19, 2023
The decision to delist a stock from an exchange is usually based on various factors such as low trading volume, lack of liquidity, regulatory issues, and a decline in the stock’s value. In the case of BEAM, it is not specified the reason for the delisting.
Traders and holders of BEAM are advised to withdraw their assets from the exchange before the delisting date. After the delisting, the trading of BEAM will no longer be available on Binance and holders will not be able to deposit or withdraw the stock.
This decision of delisting can have an impact on the market of the stock, and it’s important for the holders to be aware of this and take the necessary measures. It’s always important to do your own research and stay informed of the latest developments in the market.
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