Binance has announced that it will be delisting a large number of tokens and halting all spot trading pairs for these tokens at 06:00 UTC on August 26, 2024.
Binance to Delisting Multiple Tokens and Halting Trading Starting August 26, 2024
The affected tokens include PowerPool (CVP), Ellipsis (EPX), ForTube (FOR), Loom Network (LOOM), Reef (REEF), and VGX Token (VGX).
The decision to delist these tokens follows Binance’s periodic review process, which evaluates factors such as the commitment of the project team, development activity, trading volume, liquidity, network stability, and responsiveness to due diligence requests.
Additionally, the token’s contribution to a healthy crypto ecosystem and its compliance with new regulatory requirements are also evaluated.
Trading Pairs and Delist Details
The following trading pairs will be removed:
- CVP/USDT
- EPX/USDT
- FOR/BTC
- FOR/USDT
- LOOM/BTC
- LOOM/TRY
- LOOM/USDT
- REEF/TRY
- REEF/USDT
- VGX/USDT
All existing buy and sell orders will be automatically removed after trading ends. The valuation of these tokens will no longer be displayed in users’ wallets after the delisting process is complete.
Users should ensure that they do not select the “Hide Small Balances” option to view their assets after trading has stopped.
Important Dates and Actions
Deposits: Deposits of these tokens will not be credited to Binance accounts after 06:00 on August 27, 2024.
Withdrawals: Withdrawals of these tokens will no longer be supported after 06:00 on November 26, 2024.
Potential Conversion: Binance may convert delisted tokens into stablecoins on behalf of users starting at 06:00 on November 27, 2024. However, such conversion is not guaranteed and a separate notification will be made if appropriate.
Binance’s decision to delist these tokens is in line with its commitment to maintaining high standards for listed assets and providing the best services for its users.
*This is not investment advice.
