Binance.US, the US arm of Binance, the global cryptocurrency exchange, has revealed that it will remove OMG Network (OMG) from its platform on September 12, 2023.
This decision came after Binance.US conducted a review of all digital assets listed on its platform. They considered several factors like the token’s risk, regulatory status, developer activity, network stability, community involvement, and ethical behavior.
Binance.US concluded that OMG no longer meets its standards and decided to delist it to ensure a healthy crypto ecosystem.
As a result, the price of OMG experienced a sudden drop.
OMG holders on Binance.US can deposit their tokens until September 12, 2023, at 19:00 PDT, 10:00 EDT, or 17:00 ET. After this date, deposits will be closed, and any OMG sent to Binance.US will not be accepted.”
