Binance to Delist Multiple Altcoins: Key Details and Dates
On December 10, 2024, Binance will delist several altcoins from its platform, including Gifto (GFT), IRISnet (IRIS), SelfKey (KEY), OAX, and Ren (REN). The decision follows Binance's routine performance assessments to ensure projects meet industry standards. Here's everything users need to know about this update:
๐๏ธ Important Dates for Users:
December 3, 2024: Futures contracts for KEY and REN will close. Users are advised to finalize open positions by this date.
December 6, 2024: Binance Simple Earn products linked to these altcoins will end. Funds will automatically transfer to spot wallets.
December 10, 2024: Trading for these altcoins stops at 06:00 UTC. The Binance Convert service for selling these assets will also close.
December 11, 2024: Deposits for these altcoins will no longer be accepted.February 12, 2025: Withdrawal of delisted assets will remain available until this date.
๐ก Key Takeaways for Investors:
Funds in Simple Earn: Any funds in the Simple Earn products linked to these coins will automatically move to spot wallets after December 6, 2024.
Futures Contracts: Finalize futures positions for KEY and REN before December 3, 2024.
Binance Convert: Utilize the Binance Convert service to sell these delisted coins by December 10, 2024, as no further conversion options will be guaranteed.
โ ๏ธ What Users Should Do:
Binance urges users to:
Withdraw their assets promptly.
Convert or finalize transactions before the specified deadlines to avoid potential complications.
Plan accordingly to secure your investments and ensure a smooth transition. Stay updated for further notices from Binance.
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