Binance is issuing a crucial update for all altcoin holdersโseveral cryptocurrencies will be delisted soon, and if you're holding any of these tokens, it's essential to act now! Here's the breakdown of the affected tokens and what you need to do:
๐ด Affected Tokens:
Tornado Cash (TORN)
VAI (VAI)
OMG Network (OMG)
Waves (WAVES)
BarnBridge (BOND)
MDEX (MDX)
Dock (DOCK)
NEM (XEM)
Polkastarter (POLS)
Pundi X (PUNDIX)
๐ Key Dates to Keep in Mind:
October 29, 2024: Binance will stop supporting deposits for the affected tokens. Make sure to take action before this date!
April 28, 2025: Any remaining tokens in your account will be automatically converted into USDC, based on the average exchange rate between the token and USDC during the conversion period (October 29, 2024 - April 28, 2025).
โ ๏ธ What This Means for You:
No more deposits for the affected tokens after October 29, 2024.
You can still withdraw these tokens until October 28, 2024, but after that, they wonโt be transferable to external wallets.
Once the conversion is complete, Binance will notify you via email, and your funds will be moved to USDC.
๐ Global Compliance Updates:
Additionally, Binance has announced that it will no longer support the Turkish language on its website and app. This is part of Binanceโs ongoing commitment to complying with local regulations in Turkey, though Turkish users will still receive full customer support in their language.
๐ Rest Assured: Your Funds Are Safe!
Binance reassures all users that despite these changes, your funds remain secure and protected. The platform continues to prioritize user security and asset protection as it adapts to regulatory shifts.
What Should You Do?
If you're holding any of the delisted tokens, itโs time to act! Make sure to withdraw or convert your assets to USDC before the deadline to avoid any complications. Stay informed by checking your inbox for updates from Binance.
๐ Stay ahead of the curve! Ensure your tokens are positioned for the best outcome before these changes take effect.
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