URGENT: Binance to Delist Key Cryptocurrencies on September 18, 2024 – What You Need to Know and How to Prepare
On September 18, 2024, Binance will be delisting several cryptocurrencies as part of its routine evaluation process. Here's what you need to know about the delisting and the steps you should take to prepare:
Cryptocurrencies Scheduled for Delisting:
- ForTube (FOR):Currently priced at 0.00997 USDT, FOR has dropped 42.51% in the last 24 hours, and its delisting is due to poor market performance.
- Ellipsis (EPX): Trading at 0.0000799 USDT, EPX has seen a 34.60% decline, leading to its removal due to reduced user engagement.
- Voyager Token (VGX): Currently at 0.0399 USDT, VGX has decreased 33.64%, following the collapse of the Voyager platform.
- PowerPool (CVP): With a current price of 0.2300 USDT, CVP has fallen 39.23%, reflecting decreased interest in its governance protocol.
- Reef (REEF): Priced at 0.000917 USDT, REEF has dropped 21.08%, leading to its delisting due to challenges in bridging DeFi and centralized exchanges.
Actions to Take:
1. Withdraw or Convert Holdings: Transfer or exchange your assets before the delisting date to avoid potential losses.
2. Transfer to Supported Wallets:Move your holdings to an external wallet that supports these tokens if you wish to retain them.
3. Stay Updated: Keep an eye on Binance for any further updates on the delisting timeline and possible impacts.
4. Explore Other Platforms: Consider using other exchanges that may continue to support these tokens if you wish to keep trading them.
Reasons for Delisting: Binance's decision is based on factors such as low trading volumes, decreased user interest, lack of development, and concerns about the market's long-term sustainability.Stay informed and take timely action to manage your investments effectively.