Binance, one of the world’s top cryptocurrency exchanges, has announced its decision to delist BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastarter (POLS). The delisting process will begin on July 22, 2024, as part of Binance’s regular review of listed altcoins to ensure they meet high standards and market conditions.

Which altcoins and trading pairs are affected?

Binance regularly evaluates all listed cryptocurrencies to ensure that they meet strict criteria and industry standards. Based on these evaluations, certain altcoins may be removed if they fail to meet the necessary benchmarks or if there are significant changes in market dynamics. This process is designed to maintain the quality of service provided to Binance users.

The specific trading pairs that were delisted include BOND/BTC, BOND/USDT, DOCK/BTC, DOCK/USDT, MDX/USDT, and POLS/USDT. The exchange said the decision was in line with their commitment to user satisfaction and market adaptability.

When will it be delisted?

BOND, DOCK, MDX, and POLS will be delisted on July 22, 2024, at 06:00 AM UTC. After that, deposits of these altcoins will be stopped from July 23, 2024, at 06:00 AM UTC, and withdrawals will be stopped from October 22, 2024, at 06:00 AM UTC. Binance has notified users to take necessary actions to mitigate potential losses.

Provide users with actionable insights

• Close BOND, DOCK, MDX and POLS positions before July 22, 2024.

• Transfer these assets to another platform to avoid disruption.

• Please note the service suspension dates for Simple Earn, Auto-Invest, VIP Loan and Margin.

• Monitor stablecoins for potential conversion options.

As the delisting date approaches, Binance advises users to prepare for these changes by closing positions or transferring assets to other platforms. While it may be possible to convert delisted tokens into stablecoins, this is not guaranteed.