JUST IN: Binance US Announces Delisting OMG Network (OMG) Token

According to the statement made by the US branch of the cryptocurrency exchange Binance, Binance US will delist the OMG Network (OMG) token.

Binance.US, the American branch of the global cryptocurrency exchange Binance, announced that it will delist OMG Network (OMG) on September 12, 2023.

According to the blog post published by Binance.US, the decision to delist OMG was made following a periodic review of all digital assets listed on the platform. Various factors such as the token's risk profile, regulatory status, developer activities, network stability, community engagement and ethical behavior were taken into consideration during the review process.

Binance.US stated that OMG no longer meets their high standards and that its delisting was necessary to maintain a healthy and sustainable crypto ecosystem.