"Binance announces Render (RNDR) token swap to Render (RENDER) 🚀 Exciting rebranding news!" 🎉

Binance Supports Render Token Swap and Rebranding

Binance, one of the top cryptocurrency exchanges, is backing the Render (RNDR) token swap and rebranding to Render (RENDER). The exchange’s official announcement states that the transition will involve removing existing RNDR spot trading pairs and introducing new RENDER trading pairs.

Token Swap Details

The token swap is scheduled to begin on July 22, 2024, at 03:00 (UTC). Binance will delist all current RNDR spot trading pairs, such as RNDR/BTC, RNDR/USDT, RNDR/FDUSD, RNDR/USDC, RNDR/TRY, RNDR/EUR, and RNDR/BRL. All pending RNDR spot trading orders will be canceled during this process.

From July 26, 2024, at 08:00 (UTC), Binance will enable trading for the new RENDER pairs: RENDER/BTC, RENDER/USDT, RENDER/FDUSD, RENDER/USDC, RENDER/TRY, RENDER/EUR, and RENDER/BRL.

Impact on Users

Starting July 22, 2024, at 03:30 (UTC), deposits and withdrawals of RNDR will be halted. Users are advised to ensure that their RNDR deposits are fully processed before this date. After the token swap is finalized, RNDR deposits and withdrawals will no longer be available on the exchange.

Binance will handle all technical aspects for users participating in the swap event, and they can refer to the project team’s announcement for additional information.

Trading Changes

Binance will halt trading on all RNDR spot pairs on July 22, 2024, at 03:00 (UTC).

All trade orders will be removed automatically, and Trading Bots services linked to affected pairs will be discontinued.

Spot Copy Trading will delist the pairs on July 21, 2024, at 03:00 (UTC).
Futures trading will close positions on RNDRUSDT USDⓈ-M Perpetual Contracts on July 16, 2024, at 09:00 (UTC) through automatic settlements.
Margin trading pairs like RNDR/BTC, RNDR/USDC, and RNDR/USDT will be delisted on July 17, 2024, at 06:00 (UTC).

Other Services Updates

Binance Loans will close all outstanding loan positions for RNDR from July 17, 2024, at 03:00 (UTC).
Binance Simple Earn will stop supporting RNDR Simple Earn Flexible Products from July 19, 2024, at 03:00 (UTC), with existing subscriptions being redeemed and credited to users’ Spot Wallets automatically.
Binance will aid impacted users by subscribing to RENDER Flexible Product based on the swap ratio post-event.

Hot Take: Stay Informed and Prepared

As a crypto enthusiast, it is crucial to stay informed about token swaps and rebranding events to manage your assets effectively. Binance’s support for the Render token swap and rebranding should prompt you to take necessary actions regarding your RNDR holdings. Ensure you are prepared for the swap to avoid any potential losses and leverage the updated trading pairs for smooth transactions.