Attention Binance users! Major updates are coming your way. Starting December 10, 2024, at 03:00 UTC, Binance will delist five cryptocurrencies and their corresponding trading pairs. If you’re holding or trading these tokens, this guide is essential to ensure a smooth transition.
Which Cryptocurrencies Are Being Delisted?
Binance will remove the following tokens from its platform:
Gifto (GFT)
IRISnet (IRIS)
SelfKey (KEY)
OAX (OAX)
Ren (REN)
Along with these tokens, several trading pairs will also be discontinued:
GFT/USDT
KEY/USDT
OAX/BTC, OAX/USDT
Key Dates You Need to Mark
1. December 10, 03:00 UTC: Trading for the delisted tokens and pairs will be halted.
2. December 11, 03:00 UTC: Deposits for these tokens will no longer be accepted.
3. February 12, 03:00 UTC: Withdrawals for these tokens will be permanently disabled.
🔴 Important Reminder: Deposits made after December 11 will not be credited. Take action early to avoid losing access to your funds.
What Happens After the Delisting?
Pending Orders Canceled: All open transaction orders for the delisted tokens will be automatically canceled.
Cycle Transactions End: Tokens such as KEY and REN will no longer be eligible for cycle transactions.
No Token Processing: Binance will not process any payments involving these cryptocurrencies once deposits are suspended.
Why Is Binance Delisting These Tokens?
Binance regularly evaluates its listings to ensure a high-quality trading experience. Delisting decisions are based on factors like market performance, development activity, and compliance with regulatory standards. While this may seem like a setback, it reflects Binance’s commitment to maintaining a trusted and efficient platform.
What Actions Should You Take?
To avoid any disruptions, follow these steps:
1. Withdraw Your Tokens: Transfer your funds to an external wallet before the withdrawal deadline on February 12, 2024.
2. Cancel Open Orders: Close all active trade orders involving the delisted pairs before December 10.
3. Stay Informed: Monitor Binance’s official announcements for any additional updates or details.
What’s Next for Binance?
While some assets are being retired, Binance continues to enhance its platform with innovative projects and opportunities. This step aligns with Binance’s mission to focus on supporting promising assets and optimizing the trading experience.
💡 Pro Tip: Diversify your investments and explore Binance’s latest Launchpool projects, airdrops, and new token listings to uncover fresh earning opportunities.
Binance is paving the way for a better trading ecosystem – stay ahead by being prepared!
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