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🗣️Binance is set to delist several tokens on December 10, 2024, as part of a routine review of digital assets that no longer meet the platform's standards. The tokens to be removed include Gifto (#GFT ), IRISnet (#IRIS ), SelfKey ($KEY ), OAX ($OAX ), and Ren (). ($REN )Spot trading for these tokens will be suspended by this date, and affected pairs like GFT/USDT, IRIS/BTC, KEY/USDT, and REN/BTC will cease trading​​​​.
💥Additionally, deposits for these tokens will stop on December 11, and withdrawals will end by February 12, 2025. The option to convert these tokens into stablecoins may be available after February 13, but this is not guaranteed. Binance encourages users to adjust their portfolios, especially with products like Simple Earn, which will stop supporting these tokens by December 6, 2024​​​​.
This move has already triggered significant price drops, with some tokens losing up to 40% in value following the announcement​​.
#BreakingCryptoNews #delisting #gft