Binance Announces Delisting of Multiple Cryptocurrencies

On November 26, 2024, Binance, one of the world's leading cryptocurrency exchanges, announced the delisting of several cryptocurrencies. The affected tokens include Gifto (GFT), IRISnet (IRIS), SelfKey (KEY), OAX, and Ren (REN). This decision follows a routine review to ensure that listed assets meet high standards and evolving industry requirements1.

The announcement has led to significant price drops for the affected tokens, with declines ranging from 25% to 40%. Traders are rushing to liquidate their positions, fearing further losses1. The delisting will take effect on December 10, 2024, and will impact trading pairs such as GFT/USDT, IRIS/BTC, IRIS/USDT, KEY/USDT, OAX/BTC, OAX/USDT, REN/BTC, and REN/USDT.

Binance has advised users to act before the delisting deadline to avoid potential disruptions in their portfolios. Deposits for these tokens will not be credited to accounts after the delisting date, and withdrawals will cease after February 20251.

The exchange remains committed to fostering a secure and transparent trading environment, adapting to dynamic market and regulatory conditions. Traders holding these tokens are encouraged to transfer their assets to other platforms to avoid losses1.