As a seasoned crypto investor with several years of experience under my belt, I understand the importance of Binance upholding strict standards for listed assets. The announcement of the delisting of BarnBridge (BOND), Dock (DOCK), Mdex (MDX) and Polkaster (POLS) is a necessary step to ensure the best services and protection for its users.
Binance has made the decision to discontinue support for several trading pairs due to insufficient trading volume, lack of liquidity, or low popularity amongst users. Consequently, the following assets will be taken off the exchange. Users holding these assets should prepare accordingly.
At Binance, we place great importance on maintaining stringent regulations for the assets listed on our platform. Regular assessments ensure that each digital asset conforms to rigorous industry benchmarks. If an asset fails to adhere to these standards or if market conditions shift, Binance conducts a comprehensive review and may remove the asset from our platform to maintain optimal services and security for our users.
Several elements play a role in determining if a digital asset will be delisted. Among these are:
Starting on or around July 23, 2024, the assets BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkaster (POLS) will have their trading pairs removed. Once trading concludes, all open orders for these tokens will be terminated automatically. Subsequently, the value of these tokens will no longer be displayed in digital wallets. Furthermore, deposits made after the delisting date will not be credited to user accounts.
Starting from October 23, 2024, conversions of delisted tokens into stablecoins will be available for users, but please note that the success of these conversions cannot be guaranteed. On or after October 22, 2024, no withdrawals will be permitted.
To avoid missing out on opportunities or incurring unwanted risks, Binance users should adjust their investments and loans under Binance Simple Earn Auto-Invest and Binance Margin before the specified cut-off dates.
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2024-07-08 14:08