Dear Binancian,
At Binance, we regularly review each digital asset we list to ensure it continues to meet a high level of industry standards and requirements. When a coin or token no longer meets these requirements, or the market environment changes, we conduct further analysis which may lead to its delisting from our platform. Our priority is to provide the best services and protections to our users while continuing to adapt to changing market dynamics.
When we conduct these reviews, we consider a variety of factors. Here are some of the factors that lead us to decide to delist a digital asset:
Team commitment to the project;
Level and quality of development activity:
Trading volume and liquidity;
Network stability and security against attacks;
Network/smart contract stability;
Level of public communication;
Responsiveness to our regular requests for due diligence;
Evidence of unethical/fraudulent conduct or negligence;
New regulatory requirements;
Contributing to a healthy and sustainable crypto ecosystem.
Following our latest reviews, we have made the decision to delist and halt trading of all Spot trading pairs with the following token(s) on 2024/11/06 03:00 (UTC):
Remarks :
The exact trading pairs removed are: KP3R/USDT, OOKI/USDT, UNFI/BTC, UNFI/TRY, UNFI/USDT, USDT/IDRT
All trading orders will be automatically deleted after trading of each respective trading pair is stopped.
The token valuation will no longer be displayed in your wallet after delisting. Please make sure you have not selected the “Hide small balances” option in your wallets so that you can view your assets after trading is stopped.
Deposits of this token(s) after 07/11/2024 03:00 (UTC) will not be credited to your account.
Withdrawals of this token(s) from Binance will no longer be supported after 2025/02/06 03:00 (UTC).
Delisted tokens MAY be converted to stablecoins on behalf of users after 2025/02/07 03:00 (UTC). Please note that the conversion of delisted tokens to stablecoins is NOT guaranteed. A separate notification will be made prior to the conversion, if applicable, and stablecoins will be credited to users' Binance accounts after the conversion.
Binance Simple Earn will delist the aforementioned token(s) on 2024/11/04 03:00 (UTC). Users may choose to redeem their positions in flexible products in advance. Otherwise, these positions in flexible products will be automatically redeemed on the date mentioned above and then transferred to users’ Spot wallets, along with any accrued rewards.
On 2024/10/31 03:00 (UTC), VIP Loan KP3R, OOKI, UNFI will close all outstanding loan positions for the above-mentioned token(s) as loanable token(s) and collateral token(s). Users can repay their outstanding loans before 2024/10/31 03:00 (UTC) to avoid any potential loss, if any.
Binance Margin will delist KP3R, OOKI, UNFI from Cross & Isolated Margin on 2024/10/31 06:00 (UTC). The cross & isolated margin pair(s) KP3R/USDT, OOKI/USDT, UNFI/BTC, UNFI/USDT will be removed from Binance Margin.
On 2024/10/25 06:00 (UTC), Binance Margin will suspend Isolated Margin borrowing for the above-mentioned Isolated Margin pair(s). On 2024/10/31 06:00 (UTC), Binance Margin will close users’ positions, perform auto-settlement, and cancel all pending orders on the above-mentioned Isolated Margin pair(s), which will then be removed from Isolated Margin.
On 2024/10/25 06:00 (UTC), Binance Margin will suspend cross-margin borrowing on the above-mentioned token(s). On 2024/10/31 06:00 (UTC), if users have both collateral and liabilities on the above-mentioned token(s), the collateral will be used to repay the liabilities. If there is still collateral or liabilities on the above-mentioned token(s), one of the following two situations will occur:
If users only hold the aforementioned token(s) as collateral:
If the Margin Collateral Level (MCL) is greater than 2, the aforementioned token(s) will be transferred to users' Spot Wallets, until the MCL reaches 2. The remaining tokens in their Cross Margin Accounts that need to be delisted will then be sold in full.
If the NMG is less than 2, the remaining tokens in the cross margin accounts of users who are to be delisted will be sold in full.
If users only hold the aforementioned token(s) as liabilities:
If the NMG is equal to or greater than 2, pending orders will not be affected.
If the NMG is less than 2, all pending orders in their cross margin accounts will be cancelled.
The system will then sell additional collateral tokens to purchase and fully repay the liabilities of the delisted token(s).
Please note that users will not be able to update their positions during the delisting process, and they can close their positions and/or transfer their assets from their margin wallets to their spot wallets before margin trading stops on 2024/10/31 06:00 (UTC). Binance will not be held responsible for any losses.
Margin Wallet users may transfer the aforementioned token(s) from their Margin Wallets to their Spot Wallets and fund their margin balance before 2024/10/31 06:00 (UTC) if necessary. Users should closely monitor the Unified Account Maintenance Margin Ratio (uniMMR) to avoid any potential liquidation that may result from the withdrawal of the aforementioned token(s) from the Margin Wallet.
All KP3R, OOKI, UNFI balances in the cross-margin wallets of the wallet margin account will be automatically converted to USDT starting from 2024/10/31 06:00 (UTC). The conversion may take approximately 24 hours or more. Binance is not responsible for any losses on new positions that may occur during this period due to the conversion of funds. Please refer to FAQ for more information.
Binance Convert Sell Only feature will still be available for the above-mentioned token(s) and all associated pairs from 2024/11/01 03:00 (UTC) to 2024/11/06 02:00 (UTC). Binance Convert will then delist the above-mentioned token(s) and all associated pairs on 2024/11/06 02:00 (UTC)
The Convert Low Value Assets feature will delist the above-mentioned token(s) on 2024-11-05 02:00 (UTC). Users can choose to convert low value assets in advance.
Binance Auto-Invest will delist the above-mentioned token(s) after 2024/10/31 03:00 (UTC). Users can choose to delete the plan(s) before then. Otherwise, the next recurring cycle of the above-mentioned token(s) will fail.
Binance's Buy/Sell Crypto feature will delist the above-mentioned token(s) and all associated pairs on 2024/11/01 03:00 (UTC).
Binance Pay will delist the above-mentioned token(s) on 2024/11/01 03:00 (UTC).
Binance will terminate trading bot services for the above-mentioned Spot trading pairs on 2024/11/06 03:00 (UTC), as applicable. Users may update and/or cancel their trading bots before the trading bot services are terminated to avoid any potential losses.
We want to thank you for your support as we continue to build the crypto ecosystem in a way that promotes transparency and long-term sustainability.
Thank you for your support!
The Binance Team
23/10/2024
