Skeptic’s lens: The delisting purge has begun

Binance, which currently allows trading of more than 150 tokens, announced less than two weeks ago that it will be delisting five projects from the exchange - CloakCoin, Modum, SALT, Substratum and Wings. According to Binance, the delisted projects no longer fulfill the necessary standard after conducting new reviews.

OKEx, which also lists a tad more than 150 tokens, has been delisting projects left and right. In just the last four months, the exchange has delisted tens of projects. Last week, OKEx announced it will be delisting three more projects; one of them being NEO, the 17th largest cryptocurrency by market cap.