Binance, as one of the largest trading platforms in the world, has played a crucial role in the cryptocurrency ecosystem, allowing investors to access numerous projects. However, not all projects manage to thrive. This year, Binance has continued its practice of delisting cryptocurrencies that do not meet its criteria, ensuring a safer and higher-quality environment for traders. Here’s a summary of the coins that have already been delisted or will be removed before the end of 2024.

Recently delisted coins

  1. Rupiah Token (IDRT): Removed along with the USDT/IDRT pair.

  2. Keep3rV1 (KP3R): Withdrawn from pairs like KP3R/USDT.

  3. Ooki Protocol (OOKI): Also delisted from the OOKI/USDT pair.

  4. Unifi Protocol DAO (UNFI): Removed in pairs like UNFI/TRY, UNFI/USDT, and UNFI/BTC. Deposits stopped being accepted on November 7, and withdrawals will be available until February 6, 2025.

Upcoming coins to be delisted (December 2024)

  1. Gifto (GFT)

  2. IRISnet (IRIS)

  3. SelfKey (KEY)

  4. OAX (OAX)

  5. Ren (REN)

Deposits for these cryptocurrencies will stop on December 11, 2024, and withdrawals will only be allowed until February 12, 2025.

Why does Binance delist cryptocurrencies?

Binance regularly reviews the projects hosted on its platform to ensure their quality and performance. Common reasons for delisting include:

  • Underperformance: Lack of liquidity or drop in trading volumes.

  • Inactive projects: Little or no updates in project development.

  • Regulatory risks: Concerns related to regulatory compliance.

  • Lack of interest: Low demand from users.

What to do if you have these cryptocurrencies?

If you own any of these cryptocurrencies, it is crucial to act before the deadlines to avoid access issues. You can choose to:

  • Withdraw them: Transfer them to a compatible external wallet.

  • Exchange them: Trade your assets for more stable cryptocurrencies or those with better prospects.

Lesson of the year: Evaluate before investing

The delisting of cryptocurrencies is a reminder of market volatility. Although altcoins offer great opportunities, they also carry significant risks. Before investing, thoroughly research the projects and consider diversifying to mitigate potential losses.

Are you ready for 2025? Make your investment decisions count!

Source: Binance

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