🚨🚨 Effective August 26, 2024, at 03:00 UTC, Binance will remove all spot trading pairs for these tokens.

The pairs affected include CVP/USDT, EPX/USDT, FOR/BTC, FOR/USDT, LOOM/BTC, LOOM/TRY, LOOM/USDT, REEF/TRY, REEF/USDT, and VGX/USDT. Subsequently, the exchange will automatically cancel all existing trade orders.

Binance conducts periodic reviews to evaluate factors such as team commitment, development activity quality, trading volume, liquidity, network safety, stability, public communication, responsiveness to due diligence requests, and compliance with new regulatory requirements.

The price effects were both immediate and substantial. CVP plummeted nearly 14%, EPX dropped by 22%, FOR by nearly 20%, LOOM by almost 13%, REEF by over 20%, and VGX by around 18%. These sharp falls reflect the market’s sensitivity to exchange delistings, which often act as a proxy for a token’s perceived viability.

After August 27, 2024, Binance will not credit the deposits of these tokens. However, the exchange will support withdrawals of these tokens until November 26, 2024.