Five Digital Assets to Be Removed from Binance's List After Regular Review
Binance, a prominent cryptocurrency exchange, has delisted five digital assets after its most recent evaluation. Many digital currencies are vulnerable, including Gifto (GFT), IRISnet (IRIS), SelfKey (KEY), OpenANX (OAX), and Ren (REN).
After the asset's trading for these assets stops on December 10, 2024, at 03:00 (UTC), deposit and withdrawal limitations will be put in place.
Important Considerations for the Choice
All listed assets are subject to regular evaluations by Binance to guarantee they are up to par and reflect current market trends. Multiple considerations went into the decision to remove these tokens from the exchange's listing, including:
December 10, 2024, will mark the end of trading for several pairings, including GFT/USDT, IRIS/BTC, and others. The cancellation of all open orders in these pairings is under progress.
You will not be able to fund your token account after December 11, 2024, at 3:00 UTC, due to deposit restrictions.
Final Date for Withdrawal: 03:00 UTC on February 12, 2025, will mark the end of withdrawal assistance.
After February 13, 2025, users may have the option to convert their tokens to stablecoins, under certain conditions that will be announced separately.
Detailed Information on the Delisted Coins
Launched in 2017, Gifto (GFT) is a decentralized platform that lets users create and distribute virtual presents based on the blockchain.
For SMEs, there is IRISnet (IRIS), a blockchain protocol that aims to combine on-chain and off-chain business operations.
Users are able to safely maintain and govern their digital identities using SelfKey (KEY), a blockchain-based identity management solution.
One such decentralized exchange platform that advocates for openness and safety in trade is OpenANX (OAX).
One such protocol is Ren (REN), which aims to improve blockchain interoperability and make it easier to move assets across different networks.
