Binance to Delist Three Popular Assets, Here Are Tickers

by

As an analyst with over two decades of experience in the financial industry, I have witnessed numerous market changes and exchange decisions that have shaped the digital asset ecosystem. The recent announcement by Binance to delist Kaon (AKRO), Bluzelle (BLZ), and WazirX (WRX) is yet another testament to the dynamic nature of this space.

Binance, one of the leading cryptocurrency exchanges, has announced that it will no longer support trading for three digital assets – Kaon (AKRO), previously known as Akropolis, Bluzelle (BLZ), and WazirX (WRX) – starting from December 25, 2024, at 3:00 a.m. UTC, according to their official announcement.

As a researcher, I’m here to inform you about the specific trading pairs that are being discontinued: AKRO/USDT, BLZ/BTC, BLZ/USDT, and WRX/USDT. Consequently, all open orders for these trading pairs will be cancelled once trading has ended.

On December 25, 2024, at 03:00 UTC, Binance plans to terminate trading and remove the following tokens from its spot market: Kaon, previously known as Akropolis (AKRO); Bluzelle (BLZ); and WazirX (WRX).

— Wu Blockchain (@WuBlockchain) December 18, 2024

Binance clarifies that they regularly assess each cryptocurrency listed on their platform to make sure it maintains high standards and follows industry norms. If a token fails to meet these criteria or the market conditions shift, they conduct a detailed review and may choose to remove the token from their platform. Their primary goal remains to offer top-tier, secure services to users while adapting to evolving market trends.

Important dates to note

In light of this, Binance highlights key dates for the crypto community to note.

After December 25th and 26th at 3:00 a.m. UTC, it will no longer be possible to make withdrawals or deposits for the tokens Akropolis, Bluzelle, and WazirX that have been delisted from our platform. However, if you have these tokens in your account after December 26th at 3:00 a.m. UTC, they will automatically be converted into stablecoins on your behalf.

At 10:00 a.m. (UTC) on December 23rd, Binance Margin will remove AKRO, BLZ, and WRX from Cross and Isolated Margin trading. Meanwhile, at 9:00 a.m. (UTC) on the same day, the Binance Funding Rate Arbitrage Bot will end all arbitrage strategies involving BLZUSDT and perform an automated settlement.

At 2:00 a.m. (UTC) on this date, the lending service for Binance Loans (Flexible Rates) and tokens AKRO, BLZ, and WRX in the VIP Loan category will terminate all active loan positions involving these tokens as both borrowed assets and collateral.

Starting December 19 at 3:00 a.m. (UTC), Binance will stop trading for the tokens AKRO, BLZ, and WRX, as well as any pairs associated with them. Additionally, any remaining balances of these tokens in the Cross Margin Wallet tied to your Portfolio Margin account will be converted into USDT on December 23 at 10:00 a.m. (UTC).

On December 23rd at 9:00 a.m. (UTC), Binance Futures will wrap up all positions and carry out an automatic settlement for the BLZUSDT perpetual contract. Additionally, Binance Auto-Invest and Binance Gift Card will process delistings of the specified tokens on December 20th and December 25th respectively, both at 3:00 a.m. (UTC).

As a researcher, I’d like to inform you that I will be executing the delistings of certain assets on Binance Pay. This action will take place on December 23rd, precisely at 3:00 a.m. (UTC). It is important to note that this change will also affect Trading Bots services, which will be terminated on December 25th, again at 3:00 a.m. (UTC), where applicable.

Read More

2024-12-18 15:31