Binanceupdateditspolicyondelistingafterreviewingthetokensavailableonitsplatform.TheplatformhasdecidedtoremoveRupiahToken($IDRT),Keep3rV1($KP3R),OokiProtocol$(OOKI),andUnifiProtocolDAO($UNFI).
ThisrepresentsaconsistentimprovementbyBinanceintermsofthequalityofthedigitalassetslistedonitsplatformandcorrectlyregulatingtheproperfunctioningofthemarket.Binancesharedthedetailsofrecentdelistingthroughitsofficialwebpage,sharingtheupcomingstrategiesandreasonsbehindthedelisting.
DetailsoftheAssetDelisting
Binancehasoutlinedthescheduleforceasingallspottradingforthespecifiedtokens,whichwilloccuron2024-11-06at03:00(UTC).ThesetradingpairsincludeKP3R/USDT,OOKI/USDT,UNFI/BTC,UNFI/TRYandUSDT/IDRT.Alltheopenordersaftertradingwillbeclearedwhentradingisover.
However,theexchangehasgivenitsusersaclearoutlookonthetimelinesfordepositingandwithdrawingthesetokens.Depositswillnolongerbecreditedafter2024-11-07at03:00(UTC),whilethewithdrawalprocedurewillbeavailableuntilFebruary6th,2025,at03:00(UTC).
Thereafter,additionaloptionsmayincludeconvertingtostablecoins,althoughthisisoptionalandguaranteed,asthespecificswillbeoutlinedlater.Afterthis,conversionstostablecoinsmaybeofferedbutarenotguaranteed,withfurtherdetailstobeannouncedlater.
ImpactonBinanceServices
Binance’sdecisionwillimpactvariousservices,includingBinanceMargin,Futures,SimpleEarn,andBuy&SellCrypto.Forexample,isolatedmarginborrowingsforthesetokenswillbesuspendedby2024-10-25at06:00(UTC),withtheautomaticsettlementandremovalofpositionssetfor2024-10-31at06:00(UTC).
Furthermore,BinanceFutureswillcloseallpositionsonUNFIUSDTUSDⓈ-MPerpetualContractsby2024-10-30at09:00(UTC),andtheFundingRateArbitrageBotforUNFI/USDTwillfollowsuit.Usersarestronglyencouragedtomanagetheirpositions,wallets,andrelatedservicesinpreparationforthesechangestoavoidpotentiallosses.
Binanceremainssteadfastinprotectingusersandfosteringahealthytradingenvironment.Theplatformensurescompliancewithevolvingmarketstandardsandsafeguardsagainstrisksbyperiodicreviewsoflistedassets.UsersshouldfollowBinance’srecommendationstosecuretheirassetsduringdelisting.
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