This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
At Binance, we periodically review each digital asset we list to ensure that it continues to meet a high level of standard and industry requirements. When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it. Our priority is to ensure the best services and protections for our users while continuing to adapt to evolving market dynamics.
When we conduct these reviews, we consider a variety of factors. Here are some that drive whether we decide to delist a digital asset:
Commitment of team to projectLevel and quality of development activityTrading volume and liquidityStability and safety of network from attacksNetwork / smart contract stabilityLevel of public communicationResponsiveness to our periodic due diligence requestsEvidence of unethical/fraudulent conduct or negligenceNew regulatory requirementsContribution to a healthy and sustainable crypto ecosystem
Based on our most recent reviews, we have decided to delist and cease trading on all spot trading pairs for the following token(s) at 2024-06-17 03:00 (UTC):
OmiseGO (OMG)Waves (WAVES)Wrapped NXM (WNXM)NEM (XEM)
Please note:
The exact trading pairs being removed are: OMG/USDT, WAVES/BTC, WAVES/ETH, WAVES/TRY, WAVES/USDT, WNXM/USDT, XEM/USDTAll trade orders will be automatically removed after trading ceases in each respective trading pair.To view your assets after trading ceases, please ensure you have not selected “Hide Small Balances” in all of your wallets.Deposits of these token(s) after 2024-06-18 03:00 (UTC) will not be credited to your account. Withdrawals of these token(s) from Binance will not be supported after 2024-09-17 03:00 (UTC).
Delisted tokens MAY be converted into stablecoins on behalf of users after 2024-09-18 03:00 (UTC). Please note that the conversion of delisted tokens into stablecoins is NOT guaranteed. A separate notification will be made before the conversion where applicable, and the stablecoins will be credited to users’ Binance accounts after the conversion.
Binance Simple Earn will delist the token(s) mentioned above after 2024-06-13 03:00 (UTC). Users may choose to redeem their Flexible and Locked Products positions beforehand. Otherwise, these Flexible and Locked Products positions will be automatically redeemed at the above-mentioned time, and subsequently transferred to users’ Spot Wallets, together with any accrued rewards, from 2024-06-13 03:00 (UTC). Binance Auto-Invest will delist the token(s) mentioned above after 2024-06-07 03:00 (UTC). Users may choose to remove the plan(s) beforehand. Otherwise, the next recurring cycle of the aforementioned token(s) will fail.At 2024-06-11 03:00 (UTC), Binance Loans (Flexible and Stable Rates) and VIP Loan will close all outstanding loan positions for the aforementioned token(s) as loanable token(s) and collateral token(s). Users are strongly advised to repay their outstanding loans before 2024-06-11 03:00 (UTC) to avoid any potential losses, where applicable.Binance Futures will adjust the leverage and margin tiers of the USDⓈ-M WAVESUSDT perpetual contract at 2024-06-03 10:30 (UTC), as per the table below. Existing positions opened before the update will be affected.
Updates to Leverage & Margin Tiers:
WAVESUSDT (USDⓈ-M Perpetual Contract)
Previous Leverage and Margin TiersNew Leverage and Margin TiersLeverage Before ChangePosition Before Change (Notional Value in USDT)Maintenance Margin Rate Before ChangeLeverage After ChangePosition After Change (Notional Value in USDT)Maintenance Margin Rate After Change21 - 50x0 < Position ≤ 5,0001.50%21x0 < Position ≤ 5,0001.50%11 - 20x5,000 < Position ≤ 50,0002.50%11 - 20x5,000 < Position ≤ 50,0002.50%6 - 10x50,000 < Position ≤ 450,0005.00%6 - 10x50,000 < Position ≤ 450,0005.00%5x450,000 < Position ≤ 1,200,00010.00%5x450,000 < Position ≤ 1,200,00010.00%4x1,200,000 < Position ≤ 1,500,00012.50%4x1,200,000 < Position ≤ 1,500,00012.50%2x1,500,000 < Position ≤ 3,000,00025.00%2x1,500,000 < Position ≤ 3,000,00025.00%1x3,000,000 < Position ≤ 5,000,00050.00%1x3,000,000 < Position ≤ 3,500,00050.00%
Binance Futures will close all positions and conduct an automatic settlement on the USDⓈ-M WAVESUSDT Perpetual Contract at 2024-06-11 09:00 (UTC). The contract will be delisted after the settlement is complete. Users are advised to close any open positions prior to the delisting time to avoid automatic settlement. Users are not allowed to open new positions for the aforementioned contract starting from 2024-06-11 08:30 (UTC). In order to protect users and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the USDⓈ-M WAVESUSDT Perpetual Contract without further announcement, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates such as the interest rate, premium and capped funding rate, changing the constituents of the price index, and using the Last Price Protected mechanism to update the Mark Price. Please note that users may continue trading USDⓈ-M OMGUSDT and XEMUSDT Perpetual Contracts.
Binance Margin will delist the OMG, WAVES, WNXM, XEM cross margin and isolated margin pair(s) at 2024-06-12 06:00 (UTC). At 2024-06-05 06:00 (UTC), Binance Margin will suspend isolated margin borrowing on the aforementioned isolated margin pairs. At 2024-06-12 06:00 (UTC), Binance Margin will close users’ positions, conduct an automatic settlement and cancel all pending orders on the aforementioned cross and isolated margin pair(s). These pair(s) will then be removed from Margin. Please note that users will not be able to update their positions during the delisting process, and they are strongly advised to close their positions and/or transfer their assets from Margin Wallets to Spot Wallets prior to the cessation of margin trading at 2024-06-12 06:00 (UTC). Binance will not be responsible for any potential losses. Portfolio Margin users are advised to transfer the token(s) mentioned above out of their Margin Wallet to their Spot Wallet and to top up their margin balance before 2024-06-12 06:00 (UTC) where applicable. Users should monitor the Unified Maintenance Margin Ratio (Uni-MMR) closely to avoid any potential liquidation that may result from the removal of the token(s) mentioned above from the Margin Wallet.All OMG, WAVES, WNXM, XEM balances in Cross Margin Wallets under the Portfolio Margin account will be automatically converted to USDT from 2024-06-12 06:00 (UTC). The conversion may take approximately 24 hours or longer. Binance Margin will not be liable for any losses on new positions during this period that may incur due to the conversion of funds. Refer to this FAQ for more information.Binance Convert will delist the aforementioned token(s) and all associated pairs at 2024-06-11 03:00 (UTC).Binance Gift Card will delist the token(s) mentioned above at 2024-06-17 03:00 (UTC) Users are encouraged to manage Gift Cards containing these token(s) in advance to avoid any inconveniences.Binance Pay will delist the aforementioned token(s) at 2024-06-12 03:00 (UTC).Binance will terminate Trading Bots services for the aforementioned spot trading pairs at 2024-06-17 03:00 (UTC), where applicable. Users are strongly advised to update and/or cancel their Trading Bots prior to the cessation of Trading Bots services to avoid any potential losses.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.
We thank you for your support as we continue to build the crypto ecosystem in a way that promotes transparency and long-term, sustainable growth.
Thank you for your support!
Binance Team
2024-06-03
Note: This announcement was updated on 2024-06-03 to clarify that Binance will only delist and cease trading on the aforementioned spot trading pairs.