On 26/11, Binance announced a strong cleansing campaign with the delisting of 5 coins on the Spot section. This will affect the following coins:

  1. Gifto ($GFT)

  2. IRISnet ($IRIS)

  3. SelfKey ($KEY)

  4. OAX ($OAX)

  5. Ren ($REN)

Detailed information about the delisting order:

  • Delisting time: Binance will delist all Spot trading pairs with these coins at 10:00 on 10/12/2024 (Vietnam time).

  • Delisted trading pairs: GFT/USDT, IRIS/BTC, IRIS/USDT, KEY/USDT, OAX/BTC, OAX/USDT, REN/BTC, REN/USDT.

  • Deposits into these coins: After 10:00 on 11/12/2024, deposits will not be credited to users' accounts.

  • Withdrawal: The withdrawal of these tokens will be suspended from 10:00 on 12/02/2025.

  • Token conversion: These coins can be converted into stablecoins after 13/02/2025, but this conversion is not guaranteed.

Binance Simple Earn:

These tokens will also be delisted on Binance Simple Earn on 06/12/2024. Staking positions will be transferred to the Spot Wallet immediately after this time.

Price situation:

After the announcement of the delist, these coins have seen a significant drop in value:

  • IRIS down 35%

  • OAX down 33%

  • REN down 29%

  • GFT down 22%

  • KEY down 20%

Reason for delist:

Binance's delisting decision is based on multiple factors, including the commitment of the development team, operational quality, trading volume, and the stability and safety of the network. This is part of Binance's strategy to maintain the best trading environment for users.

This information is very important for investors and Binance users to timely manage their assets before these major changes.

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