đ¶ Fellow Binance users,
Binance is committed to maintaining a high standard for the digital assets available to our community. As part of our regular review process, we have decided to delist several tokens due to their failure to meet industry standards or contribute to a sustainable crypto ecosystem.
On December 10, 2024, at 03:00 (UTC), Binance will cease trading for the following tokens and their respective trading pairs:
- Gifto (GFT)
- IRISnet (IRIS)
- SelfKey (KEY)
- OAX (OAX)
- Ren (REN)
### Key Details:
- Trading pairs to be removed:
- GFT/USDT
- IRIS/USDT
- KEY/USDT
- OAX/USDT
- REN/BTC
- REN/USDT
- Deposits: After December 11, 2024 (03:00 UTC), deposits for these tokens will no longer be credited to your Binance account.
- Withdrawals: Users will have until February 12, 2025 (03:00 UTC) to withdraw any remaining balances for these tokens. After this date, withdrawals will not be supported.
- Delisted Tokens May Be Converted: In some cases, delisted tokens may be converted into stablecoins, but this is not guaranteed. Any conversion will be communicated separately, and stablecoins will be credited to your Binance account.
### Additional Important Updates:
- Binance Simple Earn: Tokens will be delisted on December 6, 2024. Positions in Flexible or Locked Products will be automatically redeemed.
- Binance Loans: Outstanding loans for these tokens will close on December 3, 2024 (03:00 UTC). Be sure to repay any loans before this time.
- Binance Futures: Open positions in KEYUSDT and RENUSDT USDâ-M Perpetual Contracts will be automatically settled on December 3, 2024 (09:00 UTC). Close any open positions before this time.
- Margin Trading: Delisting from Margin accounts will occur on December 4, 2024 (06:00 UTC). Resolve any outstanding margin positions before this date.
- Other Binance Services:
- Binance Convert, Auto-Invest, and Buy & Sell Crypto will stop supporting these tokens starting December 3, 2024.
- Binance Gift Card and Binance Pay will also remove support by December 10, 2024.
### Action Required:
To avoid any disruptions, we encourage all users to:
1. Withdraw the affected tokens to an external wallet.
2. Convert them to other assets before the delisting deadline.
3. Close positions in Margin, Futures, or other services where these tokens are used.
If you use any of these tokens in Binance services like Loans, Futures, or Margin, we strongly recommend taking action promptly to avoid potential losses.
### Why Are These Tokens Being Delisted?
The delisting decision is based on several factors:
- Low liquidity and trading volume.
- Lack of development progress and updates from the teams.
- Network instability or safety concerns.
- Non-responsiveness to due diligence requests from Binance.
We understand that these changes may impact some users. We strongly recommend taking the necessary actions to manage your assets accordingly.
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