As a seasoned researcher with over two decades of experience in the financial markets, I’ve seen countless changes and adaptations to keep pace with the evolving landscape. The recent announcement by Binance to delist several cryptocurrencies comes as no surprise to me, given the dynamic nature of this nascent industry.
PowerPool, Ellipsis, ForTube, Loom Network, Reef, and VGX Token. These assets have been removed from their platform following this decision.
According to their latest assessments, Binance will stop trading and remove all spot trading pairs for the mentioned tokens on August 26, 2024, at 3:00 a.m. UTC. This means that transactions involving these tokens will no longer be facilitated starting from this date.
As a seasoned cryptocurrency trader with several years of experience under my belt, I have seen countless changes and updates to various trading pairs on different exchanges. However, the recent removal of CVP/USDT, EPX/USDT, FOR/BTC, FOR/USDT, LOOM/BTC, LOOM/TRY, LOOM/USDT, REEF/TRY, REEF/USDT and VGX/USDT on my preferred platform has left me somewhat disappointed.
Dates to consider
As a researcher, I am preparing for the individual removal of trading pairs consisting of CVP, EPX, FOR, LOOMP, REEF, and VGX from various Binance platforms. These delistings will occur at distinct points in time.
According to the blog post, deposits for the mentioned tokens will stop on August 27th, 3:00 a.m. UTC. After November 26th, 2024, 3:00 a.m. UTC, Binance will no longer support withdrawals of these tokens. However, starting November 27th, 3:00 a.m. UTC, any remaining tokens will be converted into stablecoins on behalf of users.
As a seasoned cryptocurrency investor with several years of experience under my belt, I have learned the hard way that it is crucial to stay informed about the changes happening within the rapidly evolving world of digital assets. The upcoming delisting of certain tokens on Binance Auto Invest and Binance Simple Earn has caught my attention, and here’s why:
At 6:00 a.m. UTC on August 19th, the Binance Arbitrage Bot will wind up all arbitrage operations and perform an automated settlement for the trading pairs LOOM/USDT and REEF/USDT.
Starting August 20th at 6:00 a.m. (UTC), Binance Margin will no longer support trading for CVP, EPX, FOR, LOOM, and REEF. The corresponding trading pairs CVP/USDT, EPX/USDT, FOR/USDT, LOOM/BTC, LOOM/USDT, and REEF/USDT in Cross and Isolated Margin will be taken down from the platform.
On August 26th, at 2:00 a.m. (UTC), Binance Convert will stop supporting the listed tokens and their related trading pairs. Similarly, Binance Buy and Sell Crypto will cease support for these tokens and associated trading pairs on August 21st, also at 3:00 a.m. (UTC). This means that you will no longer be able to trade these tokens on Binance from the specified dates and times.
On August 21, at 3:00 a.m. (UTC), Binance Gift Card will remove the listed tokens from its platform, and Binance Pay will carry out this action earlier, on the same date and time. Furthermore, Binance will discontinue its Trading Bots services for the spot trading pairs of these specific tokens on August 26, also at 3:00 a.m. (UTC).
In the midst of delisting, the US Dollar Ⓢ-M LOOM/USDT and REF/USDT Perpetual Contracts can still be traded without interruption, allowing users to carry on with their trades as usual.
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2024-08-13 15:09