Binance has introduced that will probably be delisting numerous 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 mission workforce, 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 current 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 “Disguise 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. Nevertheless, such conversion shouldn’t be assured and a separate notification can be made if acceptable.
Binance’s determination to delist these tokens is in step with its dedication to sustaining excessive requirements for listed belongings and offering the very best providers for its customers.
*This isn’t funding recommendation.