Binance.US delists Helium [HNT], possibly over migration to Solana
Binance.US, the United States-based unit of the cryptocurrency exchange Binance, has decided to delist Helium (HNT) as well as JasmyCoin (JASMY) tokens from its platform. The aforementioned tokens won’t be accessible on Binance.US, beginning 21 March. The platform claimed that it made the decision after a thorough evaluation of all current assets.
In a statement, Binance.US said that it has taken the decision after an in-depth review of existing assets. Accordingly, the aforementioned tokens would not be available on the platform from 21 March.
Binance.US’s decision to delist the HNT trading pairs seems to be based on Helium’s migration to Solana.
Soon after, the Helium Foundation responded, stating that despite their extreme disappointment with Binance.US’s decision, they will continue to communicate with the exchange. This, in an effort to inform them of the network’s primary goals and future growth plans.
Additionally, the Helium team will be encouraging users to think about regaining control of their HNT by using the free, open-source Helium Wallet app. As an alternative, users will also be encouraged to switch to one of the more than 20 places that still support HNT trading pairs.
In fact, Helium stressed its commitment to the switch to Solana, claiming that it will dramatically accelerate network usefulness. This migration will also help focus more resources on achieving the objective of a cost-effective communication layer for all users and gadgets.
Additionally, the Helium app will support native subDAO token redemption, as well as other integrations within Solana’s DeFi platform right after the migration. For HNT, this will open up even more decentralized exchange platforms.
Interestingly, this is not the first time
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