Binance Converts Delisted Tokens to USDC by March 2025 🔄
Binance, a prominent cryptocurrency exchange, has made an important announcement regarding the conversion of specific delisted tokens to USD Coin (USDC). The process will be based on users’ holdings in their Binance wallets as of September 2, 2024, at 00:00 UTC.
Details of the Token Conversion 🔄
The conversion will utilize the average token-to-USDC exchange rate between September 2, 2024, and March 1, 2025. Users will receive the equivalent amount of USDC in their Binance wallets by March 1, 2025, at 23:59 UTC. Withdrawals of affected tokens must be completed before September 1, 2024, at 23:59 UTC, as withdrawals will no longer be facilitated after this date.
Token Impact List 🔄
Specific tokens that will be affected have not been specified in the announcement. Users holding these tokens will receive an email notification by August 19, 2024, at 23:59 UTC. Deposits of these tokens are no longer supported and will not be credited to users’ accounts.
- Withdrawals of impacted tokens will be upheld until September 1, 2024, subject to network conditions and availability.
- During the conversion period, impacted tokens will not be visible in users’ Binance wallets.
- Translations of the announcement may have discrepancies, users should refer to the original English version for accurate information.
This decision reflects Binance’s commitment to streamline token offerings and enhance user experience by converting less-used tokens to stable and widely accepted cryptocurrencies like USDC. Binance reserves the right to modify or cancel this update without prior notice, so users should regularly check official Binance announcements for any changes.
Hot Take: Stay Informed and Act Promptly 🌟
Make sure to stay informed about the token conversion details and take necessary actions before the deadlines to avoid any inconveniences. Your awareness and timely response will ensure a smooth transition of delisted tokens to USDC.
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