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Attention Binance users! 📢 On December 10th, 2024, at 03:00 UTC, Binance will officially delist five cryptocurrencies from its platform. If you hold any of these tokens or trade their pairs, this update is crucial for you.

Here’s the complete breakdown of the delisting process and how you can prepare:

Which Cryptocurrencies Are Being Delisted?

The following tokens will be removed from Binance:

Gifto (GFT)

IRISnet (IRIS)

SelfKey (KEY)

OAX (OAX)

Ren (REN)

Binance is also set to remove several trading pairs associated with these coins:

GFT/USDT

IRIS/BTC, IRIS/USDT

KEY/USDT

OAX/BTC, OAX/USDT

REN/BTC, REN/USDT

Key Dates to Remember

1️⃣ December 10th, 03:00 UTC: All trading for these cryptocurrencies will be halted, and their trading pairs will be delisted.
2️⃣ December 11th, 03:00 UTC: Deposit transactions for these tokens will no longer be accepted.
3️⃣ February 12th, 03:00 UTC: Withdrawal transactions for these tokens will be permanently suspended.

🔴 Important Note: Any deposits made after December 11th will not be credited to your account. Ensure you take action before these deadlines.

What Happens After Delisting?

Unfulfilled Orders Will Be Deactivated: All transaction orders related to these tokens will be automatically canceled.

Cycle Transactions Will End: Both KEY and REN will no longer be available for cycle transactions.

User Accounts Won’t Receive Delisted Tokens: Any payments sent to Binance involving these cryptocurrencies will not be processed after deposits are suspended.

Why Is Binance Delisting These Cryptocurrencies?

Delisting decisions are part of Binance’s routine efforts to maintain a high-quality trading environment. Factors like market performance, project development activity, and compliance are evaluated. While delisting might feel like a setback for some, it ensures Binance remains a platform of trust and excellence

What Should You Do?

To ensure a smooth transition, here are some actionable steps for affected users:
1️⃣ Withdraw Your Funds: Move your tokens to external wallets before the February 12th deadline.
2️⃣ Close Open Orders: Cancel any existing trade orders for the delisted pairs before December 10th.
3️⃣ Stay Updated: Keep an eye on Binance’s official announcements for any further updates.L

What’s Next for Binance?

As Binance delists some tokens, it continues to innovate and introduce new projects. This step is part of Binance’s mission to optimize the trading experience and support only the most promising assets.

Remember, while some doors close, others open. Stay tuned for the latest listings, exciting campaigns, and future investment opportunities!

💡 Pro Tip: Diversify your portfolio and keep an eye on Binance’s latest Launchpool projects and airdrop campaigns for new earning potential.

#BinanceUpdates #CryptoDelist #StayInformed