Helium Foundation Responds to Binance HNT Delisting
Source: AdobeStock / Diego After major crypto exchange Binance said that it would cease trading Helium Network Token (HNT), the Helium Foundation COO reportedly stated that “there is no basis” for doing so and that the coin meets all the standards set by the exchange. Four days ago, Binance announced that it would “remove and cease trading” certain spot, cross and isolated margin pairs, specifically HNT/BTC, HNT/BUSD, HNT/USDT, and OOKI/BNB. Cross and isolated margin borrowing got suspended just a day later, on October 7, while all users’ positions will be closed, an automatic settlement conducted, and all pending orders cancelled on October 12. “We will then delist the HNT/BUSD and HNT/USDT cross and isolated margin pairs,” the exchange said. The announcement, however, did not provide any specific explanation for its decision. Binance spokesperson Jessica Jung was quoted by Forbes as saying that the exchange period...