Binance, a leading cryptocurrency exchange, has announced plans to delist three tokens—$AKRO (Kaon, formerly Akropolis), $BLZ (Bluzelle), and $WRX (WazirX)—on December 25, 2024, at 03:00 UTC.
This decision follows Binance's routine evaluations to ensure listed digital assets meet their standards. Factors influencing delisting include the project's team commitment, development activity quality, trading volume, liquidity, network stability, and adherence to regulatory requirements.
Key details of the delisting process:
Trading Cessation: All spot trading pairs for AKRO, BLZ, and WRX will cease on December 25, 2024, at 03:00 UTC. The specific pairs to be removed are AKRO/USDT, BLZ/BTC, BLZ/USDT, and WRX/USDT. All pending trade orders will be automatically canceled after trading stops.
Deposits and Withdrawals: Deposits of these tokens after December 26, 2024, at 03:00 UTC will not be credited. Withdrawals will be supported until February 25, 2025, at 03:00 UTC. Post this date, Binance may convert any remaining balances into stablecoins on behalf of users, though this is not guaranteed.
Impact on Services: The delisting affects various Binance services, including Margin Trading, Futures, Simple Earn, Loans, Convert, Auto-Invest, Gift Card, Pay, Trading Bots, and Spot Copy Trading. Users engaged in these services with the affected tokens should review and adjust their positions accordingly to avoid potential losses.
Following the announcement, the prices of AKRO, BLZ, and WRX experienced significant declines, with drops ranging from approximately 14% to 25% within 24 hours.
Users holding these tokens are advised to take appropriate actions before the specified deadlines to manage their assets effectively and mitigate potential risks associated with the delisting.