In a blog post on Tuesday, Binance announced the automatic conversion of several delisted tokens to USDC.

This action will be performed based on the average exchange rate of tokens to USDC during the conversion period.

What do Binance customers need to know?

After delisting 10 tokens from its catalog, Binance said in a message that it would automatically convert them to USDC, allowing holders to access their funds. Additionally, after the conversion, the exchange will credit the stablecoin equivalent of the affected tokens to users’ wallets by April 28, 2025. The tokens include:

• Go (GO);

• Tornado Cash (TORN);

• OMG Network (OMG);

• Waves (WAVES);

• NEM (SEE);

• BarnBridge (BOND);

• Dock (DOCK);

• Mdex (MDX);

• Polka starter (POLS);

• Pundi X PURSE (PURSE).

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Holders of these tokens should adjust their trading strategies accordingly to prepare for the impending changes. Failure to do so by October 28 will result in automatic conversion to USDC, effectively removing the affected tokens from the exchange.

“During the Conversion Period [between October 29, 2024 and April 28, 2025], users will not be able to view the above tokens in their Binance wallets,” the exchange articulated.

In this context, it is worth mentioning that Binance’s history of token delistings often inspires volatility. For example, the exchange delisted six altcoins in mid-August, causing double-digit price drops for PowerPool (CVP) and Ellipsis (EPX). These tokens were also among the delisted assets.

Exchange recicla tokens

However, Binance is not only delisting several tokens but also adding new ones to its platform. One of the notable additions is, for example, Scroll (SCR), a zkRollup scaling solution for Ethereum.

As per the announcement, SCR will be listed on October 11, with the opening of the pre-market for the SCR/USDT pair. This move supports Ethereum’s scalability by enabling faster and more efficient transactions while maintaining security and decentralization.

“Binance is excited to announce the 60th project on Binance Launchpool – Scroll (SCR), a Rollup-compatible zkEVM at the bytecode level,” an excerpt from the announcement reads.

With this listing notice, Binance becomes the first platform to list the Scroll power token. In addition, the exchange will also distribute 55 million SCR, representing 5.5% of the total supply.

Finally, airdrop farming will begin on Wednesday, October 9. Participants must lock up their BNB and FDUSD to receive SCR tokens.

The article Binance will convert 10 tokens to USDC; understand was first seen on BeInCrypto Brasil.