Important Delisting Update from Binance: What You Need to Know
Binance, a leading cryptocurrency exchange, has recently announced the delisting of several digital assets from its platform. If you are a trader or investor on Binance, here is everything you need to know about this update:
Reasons for Delisting
- Regular review of digital assets to ensure compliance with standards
- Factors considered: development team commitment, trading volume, network stability
- Delisting decision if assets don’t meet requirements
Impact on Users
- Affects various trading pairs, including CVP/USDT, EPX/USDT, and more
- Trade orders automatically removed after delisting
- Token valuation won’t be visible in wallets unless feature disabled
- Deposits not credited after a certain date, withdrawals not supported after another
Affected Services
- Binance Simple Earn: Tokens delisted on specific date, users can redeem positions before
- Binance Auto-Invest: Tokens delisted on certain date, users advised to take action
- Binance Loans: Loan positions for specific tokens will be closed, users urged to repay loans
- Binance Margin: Trading for tokens suspended and delisted on particular dates
- Binance Convert: Sell-only function available for limited time, tokens delisted afterward
- Binance Gift Card and Binance Pay: Services delisting tokens on specific dates
- Trading Bots: Trading Bots services for affected pairs to terminate on a specific date
Continued Services
- USDⓈ-M LOOMUSDT and REEFUSDT Perpetual Contracts trading unaffected by delisting
- Users can trade these pairs as normal
Hot Take: Stay Informed as a Crypto Enthusiast
As a member of the crypto community, it’s essential to stay updated on delisting announcements like these. Make sure to check your Binance account for any potential impacts and take necessary actions to safeguard your investments and trades. Stay informed and adapt to changes in the dynamic crypto market for a secure trading experience.
By
By
By
By