Binance is making headlines with a crucial update for altcoin holdersâand itâs important you stay informed! The platform has announced the delisting of several cryptocurrencies, and if you're holding any of the affected tokens, this could impact you. Hereâs everything you need to know:
đŽ Affected Tokens:
Tornado Cash (TORN)
VAI (VAI)
OMG Network (OMG)
Waves (WAVES)
BarnBridge (BOND)
MDEX (MDX)
Dock (DOCK)
NEM (XEM)
Polkastarter (POLS)
Pundi X (PUNDIX)
đ Key Dates to Remember:
October 29, 2024: Binance will stop supporting deposits of these tokens. Time to actâmake sure to notarize and dispose of them before this date!
April 28, 2025: Any remaining tokens will automatically be converted into USDC, based on the average exchange rate between the token and USDC during the conversion period (October 29, 2024 - April 28, 2025).
â ïž What This Means for You:
No more deposits for the affected tokens after October 29, 2024.
You can still withdraw these tokens until October 28, 2024, but after that, they wonât be transferable to external wallets.
Binance will notify users via email once the conversion is complete and your funds have been safely moved to USDC.
đ A Global Move to Stay Compliant:
In other news, Binance also recently announced that it will no longer support Turkish language on its website and app. This decision is part of Binanceâs commitment to ensuring full legal compliance in Turkey, while maintaining all services for Turkish users, including customer support in Turkish.
đ Your Funds Are Safe!
Binance reassures all users that despite the changes, your funds remain secure and unaffected. The platform continues to prioritize user security and is committed to keeping your assets safe, even as it adapts to evolving regulatory landscapes.
What Should You Do?
If you hold any of the delisted tokens, act now! Make sure to withdraw or convert your assets to USDC before the deadline to avoid any complications.
đ Stay ahead of the game! Ensure that your tokens are in the best position before the changes take effect, and keep an eye on your inbox for updates.
#WeAreAllSatoshi #BinanceTurns7 #CryptoCompliance #MarketDownturn #BinanceUpdates
