This is a general announcement. Products and services mentioned may not be available in your region.
Hello Binancian:
At Binance, we regularly review each digital asset on our listings to ensure that it continues to meet a high level of standard and industry requirements. When a coin or token no longer meets these standards or the industry landscape changes, we conduct a deeper review and may decide to delist the asset. Our priority is to offer the best services and protection to our users while continuing to adapt to the dynamic evolution of this market.
When we conduct these reviews, we consider several factors. Here are a few that determine whether we decide to remove a digital asset from our lists:
Team commitment to the project
Level and quality of activity in development
Trading volume and liquidity
Network stability and security against attacks
Network or smart contract stability
Public communication level
Response to our regular due diligence requests
Evidence of unethical/fraudulent conduct or negligence.
New regulatory requirements
Contribution to a healthy and sustainable cryptocurrency ecosystem
In accordance with our most recent revisions, we have decided to delist and suspend trading of the following Spot trading pairs effective June 17, 2024 at 03:00 (UTC):
Please note the following:
These are the specific pairs that will be delisted: OMG/USDT, WAVES/BTC, WAVES/ETH, WAVES/TRY, WAVES/USDT, WNXM/USDT, XEM/USDT
All trade orders will be automatically deleted after trading ceases on each respective pair.
To view your assets after trading ceases, be sure to uncheck the "Hide small balances" option in your wallets.
Deposits of these tokens after June 18, 2024 03:00 (UTC) will not be credited to your account.
Binance will stop supporting withdrawals of these tokens after September 17, 2024 at 03:00 (UTC).
Binance MAY convert delisted tokens to stablecoins on behalf of users starting September 18, 2024 at 03:00 (UTC). However, the conversion of delisted tokens to stablecoins is NOT guaranteed. A separate notification will be sent prior to conversion, where applicable, and stablecoins will be credited to users' Binance accounts after conversion.
Binance Simple Earn will delist the mentioned tokens after 2024/06/13 03:00 (UTC). Users can choose to redeem their Flexible and Locked Product positions beforehand. Otherwise, these positions will be automatically redeemed on the mentioned date and subsequently transferred to users' Spot Wallets, along with the accumulated rewards, starting 06/13/2024 03:00 (UTC).
Binance Auto Invest will delist the mentioned tokens after June 7, 2024 at 03:00 (UTC). Users can choose to delete plans beforehand. Otherwise, the next recurring cycle of said tokens will not occur.
Starting June 11, 2024 at 03:00 (UTC), Binance Loans (Flexible and Stable rates) and VIP Loan will close all outstanding lending positions for tokens mentioned as loan tokens or collateral tokens. Users are advised to repay these outstanding loans by June 11, 2024 03:00 (UTC) to avoid potential losses, if applicable.
Binance Margin will delist OMG, WAVES, WNXM, and XEM pairs from cross margin and isolated margin on June 12, 2024 at 06:00 (UTC). On June 5, 2024 06:00 (UTC), Binance Margin will suspend isolated margin lending on the aforementioned isolated margin pairs. On June 12, 2024 06:00 (UTC), Binance Margin will close users' positions, conduct automatic liquidation, and cancel all pending orders on the aforementioned isolated and cross-margin pairs. These pairs will then be removed from Binance Margin. Users will not be able to update their positions during this process and are highly recommended to close their positions and/or transfer their assets from the Margin wallet to the Spot wallet before the cessation of margin trading on June 12, 2024 at 06 :00 (UTC). Binance will not be responsible for any possible losses.
Margin Wallet users are advised to transfer the mentioned tokens from their Margin wallet to their Spot wallet and replenish their margin balance, if necessary, before June 12, 2024 06:00 (UTC) . Users should carefully monitor the Unified Maintenance Margin Rate (Uni-MMR) to avoid potential liquidation resulting from the removal of tokens from the margin wallet.
All balances of OMG, WAVES, WNXM and The conversion may take approximately 24 hours or more. Binance Margin is not responsible for any losses of new positions during this period due to the conversion of funds. Please see these Frequently Asked Questions for more information.
Binance Convert will delist the above-mentioned tokens and all associated pairs on June 11, 2024 at 03:00 (UTC).
The mentioned tokens will be delisted from Binance Gift Card on June 17, 2024 at 03:00 (UTC). Users are advised to manage their gift cards for these tokens in advance to avoid any inconvenience.
The mentioned tokens will be delisted from Binance Pay on June 12, 2024 at 03:00 (UTC).
Binance will terminate trading bot services for the mentioned Spot trading pairs effective June 17, 2024 03:00 (UTC), as applicable. Users are highly recommended to update or cancel their trading bots before the termination of services to avoid possible losses.
There may be discrepancies between the translated version and the original English version. If they exist, consult the original version for the most recent or most accurate information.
We appreciate your support as we continue to build the crypto ecosystem in a way that promotes transparency and long-term sustainable growth.
Thanks for your support!
The Binance Team
3/6/2024
Note: This announcement was updated on 6/3/2024 to clarify that Binance will only delist and suspend trading of the aforementioned spot trading pairs.
