Binance to Delist $KP3R , $OOKI ,$IDRT and $UNFI Following Asset Review
Binance has updated its policy on delisting after reviewing the tokens available on its platform. The platform has decided to remove Rupiah Token ($IDRT), Keep3rV1 ($KP3R), Ooki Protocol ($OOKI), and Unifi Protocol DAO ($UNFI).
This represents a continuous improvement by Binance in terms of the quality of the digital assets listed on its platform and properly regulating the market. Binance shared details of the recent delisting through its official web page, outlining its strategies and reasons behind the decision.
Details of the Asset Delisting
Binance has provided the schedule for stopping all spot trading for the specified tokens, which will take place on 2024-11-06 at 03:00 (UTC). The affected trading pairs include KP3R/USDT, OOKI/USDT, UNFI/BTC, UNFI/TRY, and USDT/IDRT. Open orders will be cleared once trading ends.
The exchange has also shared timelines for depositing and withdrawing these tokens. Deposits will no longer be credited after 2024-11-07 at 03:00 (UTC), but withdrawals will remain available until 2025-02-06 at 03:00 (UTC). Conversion options to stablecoins may be offered later, though this is not guaranteed, and further details will be announced in due time.
Impact on Binance Services
Binance’s decision will affect several services, including Binance Margin, Futures, Simple Earn, and Buy & Sell Crypto. Isolated margin borrowings for these tokens will be suspended by 2024-10-25 at 06:00 (UTC), with automatic settlement and position removal scheduled for 2024-10-31 at 06:00 (UTC).
Additionally, Binance Futures will close all positions on UNFIUSDT USDⓈ-M Perpetual Contracts by 2024-10-30 at 09:00 (UTC), and the Funding Rate Arbitrage Bot for UNFI/USDT will also be disabled. Users are advised to manage their wallets, positions, and related services ahead of time to avoid losses.
Binance remains committed to protecting users and promoting a healthy trading environment. Regular reviews of listed assets ensure that the platform adheres to evolving market standards and minimizes risks. Users are encouraged to follow Binance’s recommendations to safeguard their assets during this delisting process.
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