Binance, the world’s largest cryptocurrency exchange, has announced a significant decision to delist four altcoins following its latest evaluations. As of November 6, 2024, these altcoins will no longer be available for trading on the platform. The delisted tokens include Rupiah Token (IDRT), Keep3rV1 (KP3R), Ooki Protocol (OOKI), and Unifi Protocol DAO (UNFI). Binance emphasized that this decision was made to ensure the platform continues providing the best services to its users.
Trading and Withdrawal Deadlines
Trading for these altcoins will cease on November 6, 2024. Additionally, users will have until February 7, 2025, to withdraw their tokens from the exchange. After this date, withdrawals will be permanently disabled. Binance has mentioned that it is considering the option of converting the delisted altcoins into stablecoins, although it cannot guarantee this will happen.
For Binance Futures and Margin trading, the platform will end all cross and isolated margin activities for these tokens on October 31, 2024. Users are advised to close their positions before this date to avoid automatic liquidation.
What Users Need to Know
Following the delisting, users must close their positions and withdraw the affected altcoins from their wallets. If they fail to do so, Binance may convert the altcoins into stablecoins, though this is not guaranteed.
Additionally, services such as automated trading bots and arbitrage bots will be halted for these tokens on the specified dates. Users are advised to take precautions to avoid potential losses caused by these services continuing to operate post-delisting.
Binance has warned its users about potential risks during the delisting process and recommends careful management of their assets on the platform to mitigate risks.
Binance, delisting, altcoins, stablecoins
