On November 26, Binance announced a strong crackdown with the delisting of 5 coins in the Spot section. This will affect the following coins:

  1. Gifto ($GFT)

  2. IRISnet ($IRIS)

  3. SelfKey ($KEY)

  4. OAX ($OAX)

  5. Ren ($REN)

Detailed information about the delisting order:

  • Delisting time: Binance will delist all Spot trading pairs with the above coins at 10:00 AM on December 10, 2024 (Vietnam time).

  • Delisted trading pairs: GFT/USDT, IRIS/BTC, IRIS/USDT, KEY/USDT, OAX/BTC, OAX/USDT, REN/BTC, REN/USDT.

  • Deposit funds into the above coins: After 10:00 AM on December 11, 2024, deposits will not be credited to the user's account.

  • Withdrawal: The withdrawal of these tokens will be suspended from 10:00 AM on February 12, 2025.

  • Token conversion: These coins can be converted into stablecoins after February 13, 2025, but this conversion is not guaranteed.

Binance Simple Earn:

These tokens will also be delisted on Binance Simple Earn on December 6, 2024. Staking positions will be transferred to the Spot Wallet immediately after this time.

Price situation:

After the announcement of the delist, these coins experienced a significant drop in value:

  • IRIS down 35%

  • OAX down 33%

  • REN down 29%

  • GFT down 22%

  • KEY down 20%

Reason for delisting:

The decision to delist by Binance is based on many factors, including the commitment of the development team, operational quality, trading volume, and the stability and safety of the network. This is part of Binance's strategy to maintain the best trading environment for users.

This information is very important for investors and Binance users to timely manage their assets before these major changes.