Binance #delisting six crypto tokens on August 26, 2024. Trading pairs for CVP, EPX, FOR, LOOM, REEF, and VGX will be removed, with deposits and withdrawals discontinued.
Binance has announced the delisting of several crypto tokens from its platform. This is set to take effect on August 26, 2024. This decision affects six tokens across multiple trading pairs, signaling a major shift in their asset offerings.
Binance Spot Pairs Delisting
The Titan crypto exchange has announced a significant update to its trading offerings. On August 26, 2024, at 11:00 UTC+8, the platform will delist and cease trading for all spot trading pairs of six tokens.
This decision comes as part of the exchange’s regular review process, which aims to ensure that all listed digital assets continue to meet the exchange’s high standards and comply with evolving industry requirements. The specific trading pairs slated for removal include CVP/USDT, EPX/USDT, FOR/BTC, FOR/USDT, LOOM/BTC, LOOM/TRY, LOOM/USDT, REEF/TRY, REEF/USDT, and VGX/USDT.
After August 26, all trade orders in the affected pairs will be automatically removed from the order books. Users are advised that deposits of these tokens will not be credited to their accounts after August 27, 2024, at 03:00 UTC.
Furthermore, withdrawal support for these tokens will be discontinued after November 26, 2024, at 03:00 UTC. In a move that may provide some relief to token holders, Binance has indicated the possibility of converting delisted tokens into stablecoins on behalf of users after November 27, 2024.
The implications of Binance delisting extend far beyond spot trading, affecting various products and services. Binance Simple Earn will delist the affected tokens after August 22, 2024, with automatic redemption of Flexible and Locked Products positions. The auto-invest feature for these tokens will be discontinued after August 20, 2024.
Binance Loans and VIP Loan services involving LOOM, REEF, and EPX will close all outstanding loan positions by August 20, 2024. The exchange strongly advises users to repay any outstanding loans before this date to avoid potential losses. Also, the exchange Funding Rate Arbitrage Bot will cease operations for LOOM/USDT and REEF/USDT pairs on August 19, 2024.
It’s important to note that while this delisting affects a wide range of their services, the USDⓈ-M LOOMUSDT and REEFUSDT Perpetual Contracts trading will continue unaffected. This distinction highlights the complex ecosystem of cryptocurrency trading products and the nuanced approach exchanges must take when managing their offerings.

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Fellow Binancians,
To optimize user experiences, Binance Loans (Flexible Rate) now allows users to repay Loan orders with collateral assets. Users can choose to repay Binance Loans (Flexible Rate) orders with either the borrowed tokens or the collateral assets. 
Liquidation fee does not apply when users choose to repay loans with collateral assets from the user interface. The collateral repayment amount will be based on the exchange rate at the time of repayment.

Please Note:
Users may access the upgraded repayment function via the Binance Loans website or the Binance App only after they upgrade the App to iOS v2.93 or Android v2.93, or later. Older app versions don't support this function.Binance Loans will support Flexible Loan repayment with collateral assets via SAPI after 2024-12-20 08:00 (UTC). For more information, please refer to the API Change Log, as well as the full API documentation about Binance Loans (Flexible Rate). Liquidation fee does not apply when users choose to repay loans with collateral assets from the user interface. However, if a user is unable to repay from their user interface and requests Binance to proceed with liquidation, a 2% liquidation fee will apply.Users may refer to Loan Data for the latest interest rates and a complete list of loanable and collateral assets.This upgrade does not apply to VIP Loan orders.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
About Binance Loans (Flexible Rate): 
Binance Loans (Flexible Rate) is an open-term loan product that allows users to complete loan orders while collateralizing cryptocurrencies in existing Simple Earn Flexible Product subscriptions. Users may enjoy greater flexibility without committing to a specific loan term when borrowing cryptocurrencies on Binance Loans (Flexible Rate), and earn Real-Time APR rewards via Simple Earn Flexible Products at the same time. Loan rates are refreshed every minute, and users may place a loan order with a minimum of 1 USDT equivalent. 

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