On Monday morning, November 27th, the world's largest cryptocurrency exchange, Binance, made an announcement regarding the delisting of four altcoins. According to the announcement, the exchange will delist BTS, PERL, TORN, and WTC from spot trading. So, when will the delisting process take place? Details in our news report.
Binance Delisting Announcement
According to the official statement from Binance, itShares (BTS), PERL.eco (PERL), Tornado Cash (TORN), and Waltonchain (WTC) cryptocurrencies will be delisted from spot trading. The delisting will take place on December 7th at 06:00 UTC. Consequently, Binance will remove and cease trading for the pairs BTS/USDT, PERL/USDT, TORN/BUSD, WTC/BTC, and WTC/USDT. Additionally, users will not be able to deposit funds for these altcoins starting from December 8th at 06:00 UTC. Withdrawal operations will be halted starting from March 7, 2024, at 06:00 UTC.
The altcoins to be delisted will be removed from Binance staking on December 5th. From December 4th, they will no longer be available on the Binance credit platform, gift cards, and Binance Pay as of December 7th. It's worth mentioning that the service for trading bots will also end on December 7th. In its statements, Binance emphasized that they regularly review each listed asset and delist those that fail to meet their standards. The exchange claims that this approach ensures the best protection for its users. Following the exchange's announcement, the delisting news resulted in significant declines in the affected cryptocurrencies.