Binance Remove Two Coins Big news

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Binance, one of the largest cryptocurrency exchanges, regularly reviews its listed assets to ensure they meet high standards of liquidity and user demand. Recently, Binance announced the delisting of Gifto (GFT) and three perpetual contracts: XEM/USDT, ORBS/USDT, and LOOM/USDT.

Key Points:

1. Gifto (GFT):

Spot Trading Pair: GFT/USDT will no longer be available for trading starting December 3, 2024.

Withdrawal Deadline: Users can withdraw GFT until February 2, 2025.

Additional Services Affected: Binance Simple Earn, Auto-Invest, and other related services will also delist GFT.

2. Futures Contracts:

Affected Contracts: XEM/USDT, ORBS/USDT, and LOOM/USDT perpetual contracts.

Delisting Date: Binance Futures will close all positions and automatically settle these contracts on December 9, 2024. Users are advised to close positions before this date to avoid automatic settlement.

These steps are part of Binance's routine to manage risk and optimize its offerings. Delisted tokens and contracts may be removed if they no longer meet trading standards, have low liquidity, or show diminished user interest.