Binance, the world's leading cryptocurrency exchange, has announced its decision to delist District0x (DNT), New Bitshares (NBS), Bitcoin Gold (BTG) and Token Club (TCT) coins.

These tokens will not be available for purchase on the platform from Oct. 24. In a blog post, Binance explained it was delisting the coins to protect the users.

"At Binance, we periodically review each digital asset we list to ensure that it continues to meet the high level of standard we expect. When a coin or token no longer meets this standard, or the industry changes, we conduct a more in-depth review and potentially delist it," said the exchange.

The leading crypto exchange usually delists tokens when the team of developers is not responsive or inactive, the trading volume is very low indicating low demand, the network is susceptible to attacks and exploits, the smart contracts are not stable, the communication with the public is kept to a minimum, the project is not complying with Binance's due diligence requests or when there is evidence of fraudulent activities.

"The exact trading pairs being removed are: DNT/USDT, DNT/BUSD, DNT/BTC, NBS/USDT, BTG/USDT, BTG/BUSD, BTG/BTC, TCT/USDT and TCT/BTC," noted Binance.

Usually, a listing event is followed by a bullish outburst of prices, which is a much-awaited event, and a delisting event crashes the prices of tokens.

Following Binance's announcement, data from CoinMarketCap confirmed that DNT crashed 12.38% to $0.03307; NBS crashed 28.85% to $0.002779; BTG dipped 4.60% to $18.69 and TCT plunged 29.09% to $0.004332 as of 10.32 p.m. ET.

"All trade orders will be automatically removed after trading ceases in each respective trading pair. To view your assets after trading ceases, please ensure you have not selected 'Hide small assets' in your Funds page," said the exchange.

Illustration shows a representation of cryptocurrency and Binance logo
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