Binance To Halt Withdrawals Of These Delisted Tokens, But There’s A Catch
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Binance will halt withdrawals of 15 delisted tokens by September 1, 2024, and convert them to USDC. Users must act by the deadline to avoid automatic conversion.
Highlights
Binance sets the withdrawal deadline for 15 delisted tokens by September 1, 2024.
On September 2, 2024, Binance will begin converting these tokens to USDC, with completion by March 1, 2025.
Binance has announced a major delisting and conversion initiative. The exchange has set a critical deadline of September 1, for users to withdraw 15 airdropped-delisted tokens from their platform. Following this deadline, they will initiate a process to convert these delisted tokens to USDC, a widely used stablecoin.
Binance To Halt Withdrawals Of 15 Delisted Tokens
Binance, one of the world’s largest cryptocurrency exchanges, has announced a significant move that will affect holders of 15 specific tokens on its platform. The exchange plans to delist these tokens and convert users’ holdings to USDC, a popular stablecoin.
This decision impacts a diverse range of cryptocurrencies, including established projects like Bitcoin Gold (BTG) and Monero (XMR), as well as other tokens such as District0x (DNT) and Spartan Protocol (SPARTA).
Bitcoin Standard Hashrate Token (BTCST), Bitshares (BTS), Groestlcoin (GRS), Hegic (HEGIC), MobileCoin (MOB), Monetha (MTH), Multichain (MULTI), Navcoin (NAV), Sologenic (SOLO), Spartan Protocol (SPARTA), Symbol (XYM) and Tribe (TRIBE).
The timeline for this process is crucial for affected users. The exchange has set a deadline of September 1, 2024, at 23:59 UTC for users to withdraw these tokens from the exchange.
Affected tokens include Bitcoin Gold (BTG), Monero (XMR), and other notable cryptocurrencies.
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