Binance has announced the deadline for the withdrawal of delisted Monero and other coins.
The ability to withdraw Monero, Multichain, Bitcoin Gold and a number of other cryptocurrencies removed from the Binance listing remains until September 1, 2024 inclusive, the exchange said.
After the expiration of the term, the platform will take a snapshot of the corresponding user balances and convert the assets into USDC stablecoin. Equivalent amounts will be credited to wallets by March 1, 2025.
The full list of affected coins includes:
Bitcoin Gold (BTG);
Bitcoin Standard Hashrate Token (BTCST);
Bitshares (BTS);
District0x (DNT);
Groestlcoin (GRS);
Hegic (HEGIC);
MobileCoin (MOB);
Monero (XMR);
Monetha (MTH);
Multichain (MULTI);
Navcoin (NAV);
Sologenic (SOLO);
Spartan Protocol (SPARTA);
Symbol (XYM);
Tribe (TRIBE).
Binance no longer supports deposits of the above tokens.
During the conversion period, users will not be able to view assets in their wallets. The exchange will notify you of the USDC transfer by email individually.
Binance also announced the delisting of the following cryptocurrencies from August 26:
PowerPool (CVP);
Ellipsis (EPX);
ForTube (FOR);
Loom Network (LOOM);
Reef (REEF);
VGX Token (VGX);
After this date, it will not be possible to deposit coins to any exchange wallets. Withdrawals will remain available until November 27.
Recall that at the beginning of the year, Binance classified privacy-oriented coins Zcash and Monero as high-risk crypto assets.
On February 20, the platform removed XMR from the list of trading instruments along with MULTI.
