Delisting Notice On September 18, 2024, Binance will be removing several cryptocurrencies as part of its ongoing evaluation process. Here’s everything you need to know about these changes and what you should do to prepare.
Assets Scheduled for Delisting:
- ForTube (FOR): Currently trading at 0.00997 USDT, ForTube has seen a sharp -42.51% decline in the past 24 hours. As a DeFi project, it’s being delisted due to its underperformance in the market.
- Ellipsis (EPX): Priced at 0.0000799 USDT, this stablecoin trading and liquidity platform has experienced a -34.60% drop. Binance will no longer support EPX due to declining user engagement.
- Voyager Token (VGX): Now trading at 0.0399 USDT, VGX has fallen by -33.64% following the collapse of the Voyager platform, which has led to the decision to delist the token.
- PowerPool (CVP): Trading at 0.2300 USDT, CVP is down -39.23%. The token will be removed due to decreasing interest in its governance protocol.
- Reef (REEF): With a current price of 0.000917 USDT and a -21.08% drop in the last 24 hours, REEF has struggled to maintain its vision of bridging DeFi and centralized exchanges, prompting Binance to delist it.
Steps to Take:
- Withdraw or Convert Holdings: Make sure to move or exchange your holdings before the deadline to avoid losses.
- Transfer to Supported Wallets: If you plan to retain these assets, consider moving them to an external wallet that continues to support these tokens.
- Stay Informed: Keep an eye on further updates from Binance regarding the timeline for withdrawals and other potential impacts.
Consider Other Platforms: If you still wish to trade these tokens, explore other trustworthy exchanges that may continue offering them in the future.
Why Binance is Delisting These Tokens:This decision is driven by several factors, including low trading activity, diminishing user interest, lack of innovation or development within the project, as well as market sustainability concerns and regulatory compliance issues.