Binance has introduced that it is going to be delisting a lot of tokens and halting all spot buying and selling pairs for these tokens at 06:00 UTC on August 26, 2024.
Binance to Delisting A number of Tokens and Halting Buying and selling Beginning August 26, 2024
The affected tokens embody PowerPool (CVP), Ellipsis (EPX), ForTube (FOR), Loom Community (LOOM), Reef (REEF), and VGX Token (VGX).
The choice to delist these tokens follows Binance’s periodic evaluate course of, which evaluates components such because the dedication of the venture group, improvement exercise, buying and selling quantity, liquidity, community stability, and responsiveness to due diligence requests.
Moreover, the token’s contribution to a wholesome crypto ecosystem and its compliance with new regulatory necessities are additionally evaluated.
Buying and selling Pairs and Delist Particulars
The next buying and selling pairs can be eliminated:
- CVP/USDT
- EPX/USDT
- FOR/BTC
- FOR/USDT
- LOOM/BTC
- LOOM/TRY
- LOOM/USDT
- REEF/TRY
- REEF/USDT
- VGX/USDT
All present purchase and promote orders can be robotically eliminated after buying and selling ends. The valuation of those tokens will not be displayed in customers’ wallets after the delisting course of is full.
Customers ought to make sure that they don’t choose the “Conceal Small Balances” choice to view their belongings after buying and selling has stopped.
Vital Dates and Actions
Deposits: Deposits of those tokens won’t be credited to Binance accounts after 06:00 on August 27, 2024.
Withdrawals: Withdrawals of those tokens will not be supported after 06:00 on November 26, 2024.
Potential Conversion: Binance could convert delisted tokens into stablecoins on behalf of customers beginning at 06:00 on November 27, 2024. Nonetheless, such conversion just isn’t assured and a separate notification can be made if acceptable.
Binance’s resolution to delist these tokens is according to its dedication to sustaining excessive requirements for listed belongings and offering the most effective providers for its customers.
*This isn’t funding recommendation.
