This is a routine announcement and the products and services discussed in this announcement may not be available in your area.
Dear User:
Binance will regularly review the digital assets listed to ensure a high level of currency quality. When a token no longer meets the listing standards or there are major changes in the industry environment, we will conduct an in-depth project review and may delist it. Binance has always attached great importance to user experience and constantly adapts to changes in the market environment, always making it a top priority to protect users to the greatest extent possible.
When reviewing a project, we will consider various factors and make a prudent decision to delist. The following are some of the factors we consider when delisting a token:
Team commitment to the project
Level and quality of project progress
Trading Volume and Liquidity
Network/smart contract stability
Community maintenance
Responding to Binance’s regular review of positivity
Unethical/fraudulent behavior
New regulatory requirements
Contribution to the construction of the entire blockchain ecosystem
Based on the above factors, we have decided to stop spot trading and delist the following currencies at 11:00 on June 17, 2024 (GMT+8):
Notice:
Trading pairs to be removed: OMG/USDT, WAVES/BTC, WAVES/ETH, WAVES/TRY, WAVES/USDT, WNXM/USDT, XEM/USDT;
After trading is stopped, all pending orders will be automatically cancelled;
After stopping trading, please do not check [Hide Small Assets] to view the balance of the above currencies;
After 11:00 AM (ET) on June 18, 2024, deposits of the above tokens will not be credited to Binance Wallet;
The withdrawal service of the above tokens will be stopped at 11:00 on September 17, 2024 (GMT+8);
The platform may allow users to exchange delisted tokens for stablecoins at 11:00 (ET) on September 18, 2024. Please note: the exchange rate for delisted tokens to stablecoins cannot be guaranteed. A separate notice will be given before the exchange is opened (if applicable), and the stablecoins will be credited to the user's Binance account after the exchange;
Binance Earn will delist the above-mentioned currencies at 11:00 (ET) on June 13, 2024. Users can choose to redeem the above-mentioned currencies from Earn Coins current or fixed-term products in advance. Otherwise, the holdings and accumulated rewards (if any) of these Earn Coins current and fixed-term products will also be automatically redeemed at the above time and subsequently transferred to the user's spot wallet;
Binance will delist the above-mentioned currencies at 11:00 (ET on June 7, 2024). Users can choose to withdraw from the plan in advance. Otherwise, the next purchase cycle of the corresponding currency will not be executed;
Binance Collateralized Loans (current and fixed rates) and VIP Loans will automatically close and liquidate the above currencies (as loan currencies or collateral currencies) at 11:00 (ET) on June 11, 2024. Users are strongly advised to repay outstanding loans before 11:00 (ET) on June 11, 2024 to avoid potential losses;
Binance Futures will update the leverage and margin tiers of WAVESUSDT U-margined perpetual contracts at 18:30 (UTC) on June 3, 2024. The specific adjustments are as follows:
The leverage and margin tiers are adjusted as follows:
WAVESUSDT (U-based perpetual contract)
Binance Futures will automatically liquidate WAVESUSDT U-margined Perpetual Contracts at 17:00 (ET) on June 11, 2024, and will delist WAVESUSDT U-margined Perpetual Contracts after the liquidation. Users will not be able to add new positions in WAVESUSDT U-margined Perpetual Contracts after 16:30 (ET) on June 11, 2024. In order to protect user rights and reduce potential risks in extreme market conditions, Binance Futures may take additional protective measures for WAVESUSDT U-margined Perpetual Contracts without further announcement. Potential protective measures include but are not limited to adjusting leverage and margin (including the maximum leverage multiple, position limit, and maintenance margin rate for each tier), adjusting funding rates (including base rate, premium index, and rate cap), changing price index components, or using the "Latest Transaction Price Protection Mechanism" to update the mark price. Please note that OMGUSDT and XEMUSDT U-margined Perpetual Contracts trading is not affected;
Binance Margin will remove OMG, WAVES, WNXM, and XEM full-margin and isolated-margin trading pairs at 14:00 (ET) on June 12, 2024. Binance Margin will suspend isolated-margin lending for the above pairs at 14:00 (ET) on June 5, 2024. Binance Margin will automatically close and liquidate full-margin and isolated-margin positions for the above pairs at 14:00 (ET) on June 12, 2024, and cancel all pending orders of users for the above pairs. Thereafter, the above pairs will be delisted from the Margin platform. During the delisting process, users will not be able to update their positions. It is strongly recommended that users close their positions and/or transfer assets from their Margin wallets to their Spot wallets before the above pairs stop margin trading, i.e. before 14:00 (ET) on June 12, 2024. Binance will not be responsible for any potential losses.
It is recommended that users of Binance unified accounts transfer the above tokens from their margin accounts to their spot accounts and replenish their margin balances before 14:00 (ET) on June 12, 2024. Users should closely monitor the maintenance margin ratio (Uni-MMR) of their unified accounts to avoid any potential liquidation that may result from the above tokens no longer being supported by their margin wallets;
Starting from 14:00 (GMT+8) on June 12, 2024, users who enable the unified account mode will automatically convert their OMG, WAVES, WNXM, and XEM balances in their full-margin leverage wallets into USDT. The conversion process will take approximately 24 hours or longer. Binance will not be responsible for any losses that may arise from new positions established during the asset conversion process. For more information, please refer to this FAQ;
Binance Flash Exchange will delist the above-mentioned tokens and all related trading pairs at 11:00 (ET) on June 11, 2024.
Binance Gift Cards will delist the above-mentioned currencies at 11:00 (ET) on June 17, 2024. Users are advised to manage gift cards of the above-mentioned tokens in advance to avoid any inconvenience;
Binance Payment will delist the above-mentioned currencies at 11:00 (ET) on June 12, 2024;
Binance will terminate the trading bot service for the above spot trading pairs at 11:00 (ET) on June 17, 2024, where applicable. Users are strongly advised to update and/or cancel the trading bot before the above trading bot service is terminated to avoid any potential losses;
There may be discrepancies between the original English version and the translated version. If there are any discrepancies, please refer to the original English version for the latest or most accurate information.
Thank you for your continued support and love for Binance. We will continue to build the blockchain ecosystem in an open, transparent, and sustainable manner.
Thank you for your support!
Binance Team
June 03, 2024
Note: This announcement was updated on June 3, 2024 to clarify that Binance will only delist and stop trading the above-mentioned spot trading pairs.