Jai Sahu
Binance to Delist Four Tokens on February 20th
Binance, one of the world’s leading cryptocurrency exchanges, has announced the delisting of four tokens: Aragon (ANT), Multichain (MULTI), Vai (VAI), and Monero (XMR). The decision comes as part of Binance’s routine review process, ensuring that listed digital assets meet stringent standards.
Delisting date set
On February 20, 2024, at 03:00 (UTC), Binance will delist these tokens and cease trading on all related pairs. Users are urged to take note of this date, as it marks the end of trading for ANT, MULTI, VAI, and XMR on the platform.The decision to delist tokens is not arbitrary; rather, it is based on various factors. Binance’s review process considers elements such as the team’s commitment to the project, development activity, trading volume, network stability, public communication, and responsiveness to due diligence requests. Tokens failing to meet these criteria may face delisting.
Trading pairs affected
Several trading pairs associated with these tokens will be removed, impacting traders using these pairs. These pairs include ANT/BTC, ANT/USDT, MULTI/USDT, USDT/VAI, XMR/BNB, XMR/BTC, XMR/ETH, and XMR/USDT. All trade orders will be automatically canceled once trading ceases in these pairs.To ensure access to their assets after trading ceases, users are advised not to select “Hide Small Balances” in their wallets, as this setting can affect the visibility of their holdings.
Deposits and withdrawals on Binance
After February 21, 2024, at 03:00 (UTC), deposits of these delisted tokens will no longer be credited to users’ accounts. Furthermore, withdrawals of these tokens from Binance will not be supported after May 20, 2024. Users should plan their transactions accordingly.Delisted tokens may potentially be converted into stablecoins on behalf of users after May 21, 2024. However, it is essential to note that the conversion is not guaranteed. Users will receive separate notifications if their tokens are subject to conversion, with the stablecoins being credited to their Binance accounts post-conversion.
Impact on Binance services
Various Binance services will be affected by the delisting. These include Simple Earn, Auto-Invest, Loans, Margin, Portfolio Margin, Futures, Convert, Gift Card, Pay, and Trading Bots services. Each of these services may have distinct termination dates or actions related to the delisted tokens. Users are advised to check the specific details for each service.
For the Coin-M XMRUSD Perpetual Contract on Binance Futures, all positions will be closed, and an automatic settlement will occur on February 15, 2024, at 09:00 (UTC). Users are encouraged to close open positions before this date to avoid automatic settlement. No new positions for this contract will be allowed starting from February 15, 2024, at 08:30 (UTC).
Binance’s Commitment to a Healthy Crypto Ecosystem
The delisting of these tokens signifies Binance’s commitment to maintaining a high standard of quality and safety within the cryptocurrency industry. It is part of their ongoing efforts to contribute to a healthy and sustainable crypto ecosystem. Users holding these tokens or engaging in related services should take prompt action to adapt to the changes ahead of the delisting date on February 20, 2024, at 03:00 (UTC).