DelistingNotice
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Binance has decided to delist all spot trading pairs and halt trading for the following cryptocurrencies:
- Kaon (AKRO)
- Akropolis (AKRO)
- Bluzelle (BLZ)
- WazirX (WRX)
🚨 **What does this mean?**
- Trading for these coins will no longer be available on Binance.
- Users holding these assets should take necessary actions (e.g., withdrawals or conversions).
Stay tuned for further updates!
#CryptoNews #DelistingNotice
Binance has decided to delist all spot trading pairs and halt trading for the following cryptocurrencies:
- Kaon (AKRO)
- Akropolis (AKRO)
- Bluzelle (BLZ)
- WazirX (WRX)
🚨 **What does this mean?**
- Trading for these coins will no longer be available on Binance.
- Users holding these assets should take necessary actions (e.g., withdrawals or conversions).
Stay tuned for further updates!
#CryptoNews #DelistingNotice
$BNB
for all those people who wanted to invest in much safer coins or wanted to be protected must focus on #binance own coin, behind a very strong exchange. U will gain not only in terms of airdrops like returns but also long-term secure returns.... !!!
#DelistingNotice is very much alarming nowadays by rug pull or other scams like that, definitely u will not be worried about. $AKRO is also delisted in such scenarios avoid to have investment in other less futuristic coins....!!!!
#BinanceAlpha
#BinanceAirdropsCATandPENGU
#FullMarketBullRun
for all those people who wanted to invest in much safer coins or wanted to be protected must focus on #binance own coin, behind a very strong exchange. U will gain not only in terms of airdrops like returns but also long-term secure returns.... !!!
#DelistingNotice is very much alarming nowadays by rug pull or other scams like that, definitely u will not be worried about. $AKRO is also delisted in such scenarios avoid to have investment in other less futuristic coins....!!!!
#BinanceAlpha
#BinanceAirdropsCATandPENGU
#FullMarketBullRun
Community Reacts Negatively to WRX Delisting from Binance
The delisting of WRX from Binance is seen as a significant blow to the Indian exchange. The question remains: what steps will they take to turn the situation around?
Community Outrage as Binance Announces Delisting of WazirX (WRX)
On December 28, 2023, Binance announced its decision to delist WRX, the native token of WazirX, from its trading platform, effective January 5, 2025. This move comes amid WazirX's ongoing legal disputes and regulatory challenges in India, particularly regarding the conflict over ownership and legal accountability between Binance and WazirX.
WRX Token Plummets Over 50% Following Delisting Announcement
After the announcement, the price of WRX dropped sharply by over 50%. Prior to the delisting news, WRX was trading around $0.20, but within 24 hours, the price plunged to a low of $0.0932, reflecting market panic and a wave of sell-offs. Trading volume surged, tripling its daily average, as investors scrambled to exit their positions before the token's removal from Binance.
WRX Delisting Sparks Mixed Reactions Across Social Media
The decision to delist WRX has triggered significant debate within the community, especially on social platforms like X (formerly Twitter). Users have expressed disappointment and anger toward both Binance and the WazirX project.
Many investors criticized Binance for a lack of transparency, citing the insufficient preparation time provided to users before the announcement. Others have raised concerns about WazirX’s survival prospects following the event, particularly as user trust in the exchange has taken a substantial hit.
Community Questions Future of Similar Tokens, Demands Transparency from Binance
The delisting announcement has prompted the community to question the fate of other tokens in similar situations. Many are calling for greater clarity from Binance regarding the specific criteria and processes used for token delistings.
"I honestly don’t understand why Binance decided to delist WRX after previously claiming they had no connection to WazirX. This move only adds to the confusion among users." -- @iSandeepJaswal wrote on X --
Community responses also emphasized that this action could undermine user trust in Binance during similar events in the future.
Once a rising star in the Indian market, WazirX was considered one of the leading and fastest-growing cryptocurrency exchanges in India, playing a crucial role in popularizing cryptocurrency in a country with a population of over 1.3 billion people.
Founded in 2018, WazirX quickly established itself with the goal of addressing issues such as high transaction fees, slow processing speeds, and poor security. As a result, the exchange attracted millions of users and built a large investor community in India.
One of the most significant milestones for WazirX came in November 2019, when Binance announced the acquisition of WazirX. This was seen as a major turning point, allowing WazirX to connect with Binance's global ecosystem and offer advanced services to its users. Thanks to this acquisition, WazirX was able to integrate more deeply with Binance, enabling its users to transfer assets directly from WazirX to Binance.
The success of WazirX did not last forever. By 2022, the exchange began facing a series of legal disputes and allegations related to money laundering. On August 5, 2022, the Enforcement Directorate (ED) of India froze assets worth 64.67 crore rupees (approximately $8.1 million) belonging to WazirX.
According to the Enforcement Directorate (ED), the exchange was suspected of assisting fintech companies in converting funds from illegal activities into cryptocurrency and transferring them abroad through transactions on WazirX.
The investigation also revealed that some China-backed companies had used WazirX to conduct money laundering transactions. These funds were converted into cryptocurrency and moved overseas, making it difficult to trace their origin.
The situation escalated when the relationship between Binance and WazirX also became strained. Changpeng Zhao (CZ), CEO of Binance, stated that Binance had never truly owned WazirX, despite having previously announced an acquisition deal.
While WazirX was still facing money laundering allegations, in July 2024, the exchange became involved in a major hack. Hackers breached WazirX’s system and stole over $234.9 million worth of cryptocurrency from user accounts. This is considered one of the largest hacks in the history of cryptocurrency in India, sparking widespread criticism and calls for the restitution of assets to affected users.
WazirX had to undergo system maintenance and conduct security checks for several days. The exchange announced that it would restore user account balances to their state before the hack and reverse any transactions made after the attack.
Once one of the leading exchanges in India, WazirX has now found itself caught in an ongoing crisis. After money laundering allegations, disputes with Binance, and a major hack, WazirX has gradually lost its position in the market. Trading volumes have sharply declined, some major partners have withdrawn from the platform, and investor confidence has collapsed.
Is this the end for WazirX, especially after Binance has firmly distanced itself?
$WRX
#Market_Update #DelistingUpdate #DelistingNotice #wazirX
Community Outrage as Binance Announces Delisting of WazirX (WRX)
On December 28, 2023, Binance announced its decision to delist WRX, the native token of WazirX, from its trading platform, effective January 5, 2025. This move comes amid WazirX's ongoing legal disputes and regulatory challenges in India, particularly regarding the conflict over ownership and legal accountability between Binance and WazirX.
WRX Token Plummets Over 50% Following Delisting Announcement
After the announcement, the price of WRX dropped sharply by over 50%. Prior to the delisting news, WRX was trading around $0.20, but within 24 hours, the price plunged to a low of $0.0932, reflecting market panic and a wave of sell-offs. Trading volume surged, tripling its daily average, as investors scrambled to exit their positions before the token's removal from Binance.
WRX Delisting Sparks Mixed Reactions Across Social Media
The decision to delist WRX has triggered significant debate within the community, especially on social platforms like X (formerly Twitter). Users have expressed disappointment and anger toward both Binance and the WazirX project.
Many investors criticized Binance for a lack of transparency, citing the insufficient preparation time provided to users before the announcement. Others have raised concerns about WazirX’s survival prospects following the event, particularly as user trust in the exchange has taken a substantial hit.
Community Questions Future of Similar Tokens, Demands Transparency from Binance
The delisting announcement has prompted the community to question the fate of other tokens in similar situations. Many are calling for greater clarity from Binance regarding the specific criteria and processes used for token delistings.
"I honestly don’t understand why Binance decided to delist WRX after previously claiming they had no connection to WazirX. This move only adds to the confusion among users." -- @iSandeepJaswal wrote on X --
Community responses also emphasized that this action could undermine user trust in Binance during similar events in the future.
Once a rising star in the Indian market, WazirX was considered one of the leading and fastest-growing cryptocurrency exchanges in India, playing a crucial role in popularizing cryptocurrency in a country with a population of over 1.3 billion people.
Founded in 2018, WazirX quickly established itself with the goal of addressing issues such as high transaction fees, slow processing speeds, and poor security. As a result, the exchange attracted millions of users and built a large investor community in India.
One of the most significant milestones for WazirX came in November 2019, when Binance announced the acquisition of WazirX. This was seen as a major turning point, allowing WazirX to connect with Binance's global ecosystem and offer advanced services to its users. Thanks to this acquisition, WazirX was able to integrate more deeply with Binance, enabling its users to transfer assets directly from WazirX to Binance.
The success of WazirX did not last forever. By 2022, the exchange began facing a series of legal disputes and allegations related to money laundering. On August 5, 2022, the Enforcement Directorate (ED) of India froze assets worth 64.67 crore rupees (approximately $8.1 million) belonging to WazirX.
According to the Enforcement Directorate (ED), the exchange was suspected of assisting fintech companies in converting funds from illegal activities into cryptocurrency and transferring them abroad through transactions on WazirX.
The investigation also revealed that some China-backed companies had used WazirX to conduct money laundering transactions. These funds were converted into cryptocurrency and moved overseas, making it difficult to trace their origin.
The situation escalated when the relationship between Binance and WazirX also became strained. Changpeng Zhao (CZ), CEO of Binance, stated that Binance had never truly owned WazirX, despite having previously announced an acquisition deal.
While WazirX was still facing money laundering allegations, in July 2024, the exchange became involved in a major hack. Hackers breached WazirX’s system and stole over $234.9 million worth of cryptocurrency from user accounts. This is considered one of the largest hacks in the history of cryptocurrency in India, sparking widespread criticism and calls for the restitution of assets to affected users.
WazirX had to undergo system maintenance and conduct security checks for several days. The exchange announced that it would restore user account balances to their state before the hack and reverse any transactions made after the attack.
Once one of the leading exchanges in India, WazirX has now found itself caught in an ongoing crisis. After money laundering allegations, disputes with Binance, and a major hack, WazirX has gradually lost its position in the market. Trading volumes have sharply declined, some major partners have withdrawn from the platform, and investor confidence has collapsed.
Is this the end for WazirX, especially after Binance has firmly distanced itself?
$WRX
#Market_Update #DelistingUpdate #DelistingNotice #wazirX
Francobas:
thanks
Cryptocurrencies to be delisted from Binance on 2024-12-25 03:00 (UTC) are:
- Bluzelle $BLZ
- WazirX $WRX
- Akropolis $AKRO
#DelistingNotice #DelistingAlert #BLZ #WRX #AKRO
- Bluzelle $BLZ
- WazirX $WRX
- Akropolis $AKRO
#DelistingNotice #DelistingAlert #BLZ #WRX #AKRO
The $WRX trading pair will be delisted from Binance on December 25, 2024, at 08:00 UTC+5. This means that after this date, you will no longer be able to trade $WRX against USDT on the platform.
Key Points:
Current Price: 0.1006 USDT per $WRX .
24h Price Range: From 0.0940 USDT (Low) to 0.2508 USDT (High), a significant price drop of -57.68% in the last 24 hours.
24h Trading Volume: WRX traded for a total of 147.54 million tokens, with 19.96 million USDT worth of WRX traded.
Moving Averages:
MA(7): 0.0999
MA(25): 0.1147
MA(99): 0.2062
Trading and Risk Warning:
You should act before the delisting date:
1. Trade or Withdraw WRX: If you have WRX tokens, consider trading or withdrawing them to avoid being stuck with unsupported assets.
2. Risk of Price Volatility: With the delisting approaching, the price may experience significant volatility, as reflected by the sharp drop of 57.68% in 24 hours.
#BinanceAlphaTop5 #DelistingNotice #BTCNewATH #PENGUOpening #Write2Earn!
Key Points:
Current Price: 0.1006 USDT per $WRX .
24h Price Range: From 0.0940 USDT (Low) to 0.2508 USDT (High), a significant price drop of -57.68% in the last 24 hours.
24h Trading Volume: WRX traded for a total of 147.54 million tokens, with 19.96 million USDT worth of WRX traded.
Moving Averages:
MA(7): 0.0999
MA(25): 0.1147
MA(99): 0.2062
Trading and Risk Warning:
You should act before the delisting date:
1. Trade or Withdraw WRX: If you have WRX tokens, consider trading or withdrawing them to avoid being stuck with unsupported assets.
2. Risk of Price Volatility: With the delisting approaching, the price may experience significant volatility, as reflected by the sharp drop of 57.68% in 24 hours.
#BinanceAlphaTop5 #DelistingNotice #BTCNewATH #PENGUOpening #Write2Earn!
Binance to Delist Three Popular Assets, Here Are Tickers
Binance to Delist Three Popular Assets, Here Are Tickers
Major crypto exchange Binance recently announced its decision to delist three crypto assets.
In an official blog post, Binance stated that based on its most recent reviews, it has decided to delist and cease trading on all spot trading pairs for tokens: Kaon (AKRO), formerly known as Akropolis, Bluzelle (BLZ), and WazirX (WRX), on Dec. 25, 2024, at 3:00 a.m. (UTC).
The exact trading pairs being removed are: AKRO/USDT, BLZ/BTC, BLZ/USDT and WRX/USDT. In keeping with this, all trade orders in each trading pair will be immediately withdrawn once trading has ceased.
Binance explains the reason for the delistings to be that it periodically reviews each digital asset listed to ensure that it continues to fulfill high standards and industry criteria.
When a token no longer fulfills these requirements or the industry landscape changes, it performs a more thorough evaluation and may delist, stating that its top priority continues to provide quality and secure services for its users while adapting to changing market dynamics.
Important dates to note In light of this, Binance highlights key dates for the crypto community to note.
Withdrawals and deposits of delisted tokens Akropolis, Bluzelle and WazirX will not be supported after Dec. 25 and 26, respectively, at 3:00 a.m. UTC.
Delisted tokens may be converted into stablecoins on behalf of users after Dec. 26 at 3:00 a.m. (UTC).
On Dec. 23 at 10:00 a.m. (UTC), Binance Margin will delist AKRO, BLZ and WRX from Cross and Isolated Margin.
On the same date at 9:00 a.m. (UTC), Binance Funding Rate Arbitrage Bot will close all arbitrage strategies and conduct an automatic settlement under the BLZUSDT symbol.
At 2:00 a.m. (UTC) on this date, WRX of Binance Loans (Flexible Rates) and AKRO, BLZ and WRX of VIP Loan will close all outstanding loan positions for these tokens as loanable and collateral tokens.
Binance Buy & Sell crypto will delist the tokens AKRO, BLZ, WRX and all associated pairs on Dec. 19 at 3:00 a.m. (UTC). All AKRO, BLZ and WRX balances in the Cross Margin Wallet under the Portfolio Margin account will be automatically converted to USDT from Dec. 23 at 10:00 a.m. (UTC).
Binance Futures will close all positions and conduct an automatic settlement on the BLZUSDT perpetual contract on Dec. 23 at 9:00 a.m. (UTC).
Binance Auto-Invest and Binance Gift Card will conduct delistings of the said tokens on Dec. 20 and 25, respectively, at 3:00 a.m. (UTC).
Binance Pay will conduct the delistings on Dec. 23 at 3:00 a.m. (UTC), while Trading Bots services will be terminated on Dec. 25 at 3:00 a.m. (UTC), where applicable.
Binance Spot Copy Trading will delist the spot trading pairs AKRO/USDT, BLZ/BTC, BLZ/USDT and WRX/USDTs on Dec. 24 at 3:00 a.m. (UTC).
#Binance #DelistingNotice #Altcoins #cryptocurrency #CryptoNews
Major crypto exchange Binance recently announced its decision to delist three crypto assets.
In an official blog post, Binance stated that based on its most recent reviews, it has decided to delist and cease trading on all spot trading pairs for tokens: Kaon (AKRO), formerly known as Akropolis, Bluzelle (BLZ), and WazirX (WRX), on Dec. 25, 2024, at 3:00 a.m. (UTC).
The exact trading pairs being removed are: AKRO/USDT, BLZ/BTC, BLZ/USDT and WRX/USDT. In keeping with this, all trade orders in each trading pair will be immediately withdrawn once trading has ceased.
Binance explains the reason for the delistings to be that it periodically reviews each digital asset listed to ensure that it continues to fulfill high standards and industry criteria.
When a token no longer fulfills these requirements or the industry landscape changes, it performs a more thorough evaluation and may delist, stating that its top priority continues to provide quality and secure services for its users while adapting to changing market dynamics.
Important dates to note In light of this, Binance highlights key dates for the crypto community to note.
Withdrawals and deposits of delisted tokens Akropolis, Bluzelle and WazirX will not be supported after Dec. 25 and 26, respectively, at 3:00 a.m. UTC.
Delisted tokens may be converted into stablecoins on behalf of users after Dec. 26 at 3:00 a.m. (UTC).
On Dec. 23 at 10:00 a.m. (UTC), Binance Margin will delist AKRO, BLZ and WRX from Cross and Isolated Margin.
On the same date at 9:00 a.m. (UTC), Binance Funding Rate Arbitrage Bot will close all arbitrage strategies and conduct an automatic settlement under the BLZUSDT symbol.
At 2:00 a.m. (UTC) on this date, WRX of Binance Loans (Flexible Rates) and AKRO, BLZ and WRX of VIP Loan will close all outstanding loan positions for these tokens as loanable and collateral tokens.
Binance Buy & Sell crypto will delist the tokens AKRO, BLZ, WRX and all associated pairs on Dec. 19 at 3:00 a.m. (UTC). All AKRO, BLZ and WRX balances in the Cross Margin Wallet under the Portfolio Margin account will be automatically converted to USDT from Dec. 23 at 10:00 a.m. (UTC).
Binance Futures will close all positions and conduct an automatic settlement on the BLZUSDT perpetual contract on Dec. 23 at 9:00 a.m. (UTC).
Binance Auto-Invest and Binance Gift Card will conduct delistings of the said tokens on Dec. 20 and 25, respectively, at 3:00 a.m. (UTC).
Binance Pay will conduct the delistings on Dec. 23 at 3:00 a.m. (UTC), while Trading Bots services will be terminated on Dec. 25 at 3:00 a.m. (UTC), where applicable.
Binance Spot Copy Trading will delist the spot trading pairs AKRO/USDT, BLZ/BTC, BLZ/USDT and WRX/USDTs on Dec. 24 at 3:00 a.m. (UTC).
#Binance #DelistingNotice #Altcoins #cryptocurrency #CryptoNews
ATTENTION TRADERS 🚨📢DELISTING on December 25, 2024 ‼️⚠️
Users should be aware of the following deadlines🔴
The affected spot trading pairs are😳⚠️
$AKRO /USDT
$BLZ /BTC
#BLZ /USDT
$WRX /USDT
Trading for these pairs will cease at 03:00 (UTC) on December 25, 2024.
Kaon (#AKRO )
Bluzelle (#BLZ😈 )
WazirX (#WRX )
Deposits: Will be disabled after December 26, 2024.
Withdrawals: Will be suspended after February 25, 2025.
Additionally, the BLZUSDT perpetual contract on Binance Futures will close at 12:00 (UTC) on December 23, 2024.
It's advisable to close any open positions and withdraw your assets before these deadlines to avoid potential inconveniences.
#DelistingNotice
The affected spot trading pairs are😳⚠️
$AKRO /USDT
$BLZ /BTC
#BLZ /USDT
$WRX /USDT
Trading for these pairs will cease at 03:00 (UTC) on December 25, 2024.
Kaon (#AKRO )
Bluzelle (#BLZ😈 )
WazirX (#WRX )
Deposits: Will be disabled after December 26, 2024.
Withdrawals: Will be suspended after February 25, 2025.
Additionally, the BLZUSDT perpetual contract on Binance Futures will close at 12:00 (UTC) on December 23, 2024.
It's advisable to close any open positions and withdraw your assets before these deadlines to avoid potential inconveniences.
#DelistingNotice
Binance announce that $WRX is delisting on 25 Dec. that's why it's price fall down. what do you think will price increase or decrease ?
#WRX #DelistingNotice
#WRX #DelistingNotice
Today's PNL
2024-12-18
-$2.03
-5.48%
Binance, a leading cryptocurrency exchange, has announced plans to delist three tokens—$AKRO (Kaon, formerly Akropolis), $BLZ (Bluzelle), and $WRX (WazirX)—on December 25, 2024, at 03:00 UTC.
This decision follows Binance's routine evaluations to ensure listed digital assets meet their standards. Factors influencing delisting include the project's team commitment, development activity quality, trading volume, liquidity, network stability, and adherence to regulatory requirements.
Key details of the delisting process:
Trading Cessation: All spot trading pairs for AKRO, BLZ, and WRX will cease on December 25, 2024, at 03:00 UTC. The specific pairs to be removed are AKRO/USDT, BLZ/BTC, BLZ/USDT, and WRX/USDT. All pending trade orders will be automatically canceled after trading stops.
Deposits and Withdrawals: Deposits of these tokens after December 26, 2024, at 03:00 UTC will not be credited. Withdrawals will be supported until February 25, 2025, at 03:00 UTC. Post this date, Binance may convert any remaining balances into stablecoins on behalf of users, though this is not guaranteed.
Impact on Services: The delisting affects various Binance services, including Margin Trading, Futures, Simple Earn, Loans, Convert, Auto-Invest, Gift Card, Pay, Trading Bots, and Spot Copy Trading. Users engaged in these services with the affected tokens should review and adjust their positions accordingly to avoid potential losses.
Following the announcement, the prices of AKRO, BLZ, and WRX experienced significant declines, with drops ranging from approximately 14% to 25% within 24 hours.
Users holding these tokens are advised to take appropriate actions before the specified deadlines to manage their assets effectively and mitigate potential risks associated with the delisting.
#BinanceAlphaTop5
#BTCNewATH #DelistingNotice #cryptotrend2024 #Write2Earn!
This decision follows Binance's routine evaluations to ensure listed digital assets meet their standards. Factors influencing delisting include the project's team commitment, development activity quality, trading volume, liquidity, network stability, and adherence to regulatory requirements.
Key details of the delisting process:
Trading Cessation: All spot trading pairs for AKRO, BLZ, and WRX will cease on December 25, 2024, at 03:00 UTC. The specific pairs to be removed are AKRO/USDT, BLZ/BTC, BLZ/USDT, and WRX/USDT. All pending trade orders will be automatically canceled after trading stops.
Deposits and Withdrawals: Deposits of these tokens after December 26, 2024, at 03:00 UTC will not be credited. Withdrawals will be supported until February 25, 2025, at 03:00 UTC. Post this date, Binance may convert any remaining balances into stablecoins on behalf of users, though this is not guaranteed.
Impact on Services: The delisting affects various Binance services, including Margin Trading, Futures, Simple Earn, Loans, Convert, Auto-Invest, Gift Card, Pay, Trading Bots, and Spot Copy Trading. Users engaged in these services with the affected tokens should review and adjust their positions accordingly to avoid potential losses.
Following the announcement, the prices of AKRO, BLZ, and WRX experienced significant declines, with drops ranging from approximately 14% to 25% within 24 hours.
Users holding these tokens are advised to take appropriate actions before the specified deadlines to manage their assets effectively and mitigate potential risks associated with the delisting.
#BinanceAlphaTop5
#BTCNewATH #DelistingNotice #cryptotrend2024 #Write2Earn!
🚨 GET PREPARED FOR THESE COINS TO SURGE BEFORE BEING DELISTED 🚨
📊 The Pump Before the Dump:
Before being delisted on December 25, 2024 📆, these three coins are likely to experience a surge in price 🚀. Here's why:
1. 📊 _$AKRO _ (Akropolis)
- 📈 _Short squeeze_: As investors rush to sell their AKRO holdings before the delisting, a short squeeze may occur, driving up the price 📈.
- 🤝 _Last-minute buying_: Some investors may buy AKRO in hopes of making a quick profit before the delisting 📊.
2. 📊 _$BLZ _ (Bluzelle)
- 📈 _Speculative buying_: Investors may buy BLZ speculating that the coin will surge before the delisting, creating a self-fulfilling prophecy 📈.
- 📊 _Limited supply_: As investors sell their BLZ holdings, the available supply may decrease, driving up the price 📊.
3. 📊 _$WRX _ (WazirX)
- 📈 _Panic buying_: As the delisting date approaches, some investors may panic buy $WRX, driving up the price 📈.
- 🤝 _Last-minute trading_: Investors may trade WRX aggressively before the delisting, creating a surge in price 📊.
🔍 Why This Happens:
This phenomenon occurs because investors are trying to:
1. 📊 _Avoid losses_: By selling their holdings before the delisting, investors hope to avoid losses 📊.
2. 📈 _Make a quick profit_: Some investors try to make a quick profit by buying and selling the coins before the delisting 📈.
🚨 Warning:
Keep in mind that this surge is likely to be short-lived, and the coins will eventually be delisted 📆. Be cautious and don't get caught up in the hype 🚨.
📊 Stay Informed:
Stay up-to-date with the latest market developments and be prepared for any unexpected price movements 📊.
#BTCNewATH #PENGUOpening #BinanceAlpha #Write2Earn! #DelistingNotice
📊 The Pump Before the Dump:
Before being delisted on December 25, 2024 📆, these three coins are likely to experience a surge in price 🚀. Here's why:
1. 📊 _$AKRO _ (Akropolis)
- 📈 _Short squeeze_: As investors rush to sell their AKRO holdings before the delisting, a short squeeze may occur, driving up the price 📈.
- 🤝 _Last-minute buying_: Some investors may buy AKRO in hopes of making a quick profit before the delisting 📊.
2. 📊 _$BLZ _ (Bluzelle)
- 📈 _Speculative buying_: Investors may buy BLZ speculating that the coin will surge before the delisting, creating a self-fulfilling prophecy 📈.
- 📊 _Limited supply_: As investors sell their BLZ holdings, the available supply may decrease, driving up the price 📊.
3. 📊 _$WRX _ (WazirX)
- 📈 _Panic buying_: As the delisting date approaches, some investors may panic buy $WRX, driving up the price 📈.
- 🤝 _Last-minute trading_: Investors may trade WRX aggressively before the delisting, creating a surge in price 📊.
🔍 Why This Happens:
This phenomenon occurs because investors are trying to:
1. 📊 _Avoid losses_: By selling their holdings before the delisting, investors hope to avoid losses 📊.
2. 📈 _Make a quick profit_: Some investors try to make a quick profit by buying and selling the coins before the delisting 📈.
🚨 Warning:
Keep in mind that this surge is likely to be short-lived, and the coins will eventually be delisted 📆. Be cautious and don't get caught up in the hype 🚨.
📊 Stay Informed:
Stay up-to-date with the latest market developments and be prepared for any unexpected price movements 📊.
#BTCNewATH #PENGUOpening #BinanceAlpha #Write2Earn! #DelistingNotice
🚨 BINANCE DELISTING ALERT: ACT NOW! 🚨
📊 Urgent Notice:
🔍 What to Do Next:
To protect your assets, follow these steps:
1. 📊 _Withdraw Your Tokens_: Withdraw your $AKRO, $BLZ, and $WRX tokens from Binance before December 25, 2024.
2. 📈 _Trade or Sell_: Trade or sell your tokens on other supported exchanges or platforms before the delisting date.
3. 📊 _Consider Alternative Exchanges_: Research and consider transferring your tokens to alternative exchanges that support these tokens.
4. 🚫 _Avoid Last-Minute Rush_: Avoid waiting until the last minute to withdraw or trade your tokens, as this may lead to delays or losses.
Binance has announced the delisting of three tokens, effective December 25, 2024:
1. 📊 _$AKRO_ (Akropolis)
2. 📊 _$BLZ_ (Bluzelle)
3. 📊 _$WRX_ (WazirX)
📊 Additional Tips:
1. 📊 _Check for Alternative Listings_: Verify if the tokens will be listed on other exchanges after the delisting from Binance.
2. 📈 _Monitor Market Developments_: Keep an eye on market developments and be prepared for any unexpected price movements.
3. 📊 _Secure Your Assets_: Ensure your assets are secure by using strong passwords, 2FA, and storing your tokens in a safe wallet.
🔥 Conclusion:
Act now to protect your assets and avoid potential losses. Withdraw, trade, or sell your $AKRO, $BLZ, and WRX tokens before the delisting date. Stay informed and be prepared for any market developments.
$AKRO
$BLZ
#DelistingNotice #BTCNewATH #PENGUOpening #Write2Earn!
📊 Urgent Notice:
🔍 What to Do Next:
To protect your assets, follow these steps:
1. 📊 _Withdraw Your Tokens_: Withdraw your $AKRO, $BLZ, and $WRX tokens from Binance before December 25, 2024.
2. 📈 _Trade or Sell_: Trade or sell your tokens on other supported exchanges or platforms before the delisting date.
3. 📊 _Consider Alternative Exchanges_: Research and consider transferring your tokens to alternative exchanges that support these tokens.
4. 🚫 _Avoid Last-Minute Rush_: Avoid waiting until the last minute to withdraw or trade your tokens, as this may lead to delays or losses.
Binance has announced the delisting of three tokens, effective December 25, 2024:
1. 📊 _$AKRO_ (Akropolis)
2. 📊 _$BLZ_ (Bluzelle)
3. 📊 _$WRX_ (WazirX)
📊 Additional Tips:
1. 📊 _Check for Alternative Listings_: Verify if the tokens will be listed on other exchanges after the delisting from Binance.
2. 📈 _Monitor Market Developments_: Keep an eye on market developments and be prepared for any unexpected price movements.
3. 📊 _Secure Your Assets_: Ensure your assets are secure by using strong passwords, 2FA, and storing your tokens in a safe wallet.
🔥 Conclusion:
Act now to protect your assets and avoid potential losses. Withdraw, trade, or sell your $AKRO, $BLZ, and WRX tokens before the delisting date. Stay informed and be prepared for any market developments.
$AKRO
$BLZ
#DelistingNotice #BTCNewATH #PENGUOpening #Write2Earn!
Binance to Delist Three Popular Assets, Here Are Tickers
Major crypto exchange Binance recently announced its decision to delist three crypto assets.
In an official blog post, Binance stated that based on its most recent reviews, it has decided to delist and cease trading on all spot trading pairs for tokens: Kaon (AKRO), formerly known as Akropolis, Bluzelle (BLZ), and WazirX (WRX), on Dec. 25, 2024, at 3:00 a.m. (UTC).
The exact trading pairs being removed are: AKRO/USDT, BLZ/BTC, BLZ/USDT and WRX/USDT. In keeping with this, all trade orders in each trading pair will be immediately withdrawn once trading has ceased.
Binance explains the reason for the delistings to be that it periodically reviews each digital asset listed to ensure that it continues to fulfill high standards and industry criteria.
When a token no longer fulfills these requirements or the industry landscape changes, it performs a more thorough evaluation and may delist, stating that its top priority continues to provide quality and secure services for its users while adapting to changing market dynamics.
Important dates to note In light of this, Binance highlights key dates for the crypto community to note.
Withdrawals and deposits of delisted tokens Akropolis, Bluzelle and WazirX will not be supported after Dec. 25 and 26, respectively, at 3:00 a.m. UTC.
Delisted tokens may be converted into stablecoins on behalf of users after Dec. 26 at 3:00 a.m. (UTC).
On Dec. 23 at 10:00 a.m. (UTC), Binance Margin will delist AKRO, BLZ and WRX from Cross and Isolated Margin.
On the same date at 9:00 a.m. (UTC), Binance Funding Rate Arbitrage Bot will close all arbitrage strategies and conduct an automatic settlement under the BLZUSDT symbol.
At 2:00 a.m. (UTC) on this date, WRX of Binance Loans (Flexible Rates) and AKRO, BLZ and WRX of VIP Loan will close all outstanding loan positions for these tokens as loanable and collateral tokens.
#Binance #DelistingNotice #Altcoins #cryptocurrency #CryptoNews
Major crypto exchange Binance recently announced its decision to delist three crypto assets.
In an official blog post, Binance stated that based on its most recent reviews, it has decided to delist and cease trading on all spot trading pairs for tokens: Kaon (AKRO), formerly known as Akropolis, Bluzelle (BLZ), and WazirX (WRX), on Dec. 25, 2024, at 3:00 a.m. (UTC).
The exact trading pairs being removed are: AKRO/USDT, BLZ/BTC, BLZ/USDT and WRX/USDT. In keeping with this, all trade orders in each trading pair will be immediately withdrawn once trading has ceased.
Binance explains the reason for the delistings to be that it periodically reviews each digital asset listed to ensure that it continues to fulfill high standards and industry criteria.
When a token no longer fulfills these requirements or the industry landscape changes, it performs a more thorough evaluation and may delist, stating that its top priority continues to provide quality and secure services for its users while adapting to changing market dynamics.
Important dates to note In light of this, Binance highlights key dates for the crypto community to note.
Withdrawals and deposits of delisted tokens Akropolis, Bluzelle and WazirX will not be supported after Dec. 25 and 26, respectively, at 3:00 a.m. UTC.
Delisted tokens may be converted into stablecoins on behalf of users after Dec. 26 at 3:00 a.m. (UTC).
On Dec. 23 at 10:00 a.m. (UTC), Binance Margin will delist AKRO, BLZ and WRX from Cross and Isolated Margin.
On the same date at 9:00 a.m. (UTC), Binance Funding Rate Arbitrage Bot will close all arbitrage strategies and conduct an automatic settlement under the BLZUSDT symbol.
At 2:00 a.m. (UTC) on this date, WRX of Binance Loans (Flexible Rates) and AKRO, BLZ and WRX of VIP Loan will close all outstanding loan positions for these tokens as loanable and collateral tokens.
#Binance #DelistingNotice #Altcoins #cryptocurrency #CryptoNews
🚨 WHY COINS SURGE BEFORE BEING DELISTED: GET PREPARED FOR THE SURGE 🚨
📊 The Pump Before the Dump:
Coins often surge in price before being delisted due to a combination of factors 🤔:
1. 📈 _Short squeeze_: As investors rush to sell their holdings before the delisting, a short squeeze may occur, driving up the price 📈.
2. 🤝 _Last-minute buying_: Some investors buy coins in hopes of making a quick profit before the delisting 📊.
3. 📊 _Speculative buying_: Investors speculate that the coin will surge before the delisting, creating a self-fulfilling prophecy 📈.
4. 📊 _Limited supply_: As investors sell their holdings, the available supply may decrease, driving up the price 📊.
5. 📈 _Panic buying_: As the delisting date approaches, some investors panic buy coins, driving up the price 📈.
🚨 Get Prepared for the Surge:
December 25, 2024 📆, is the delisting date for the following coins:
1. 📊 _$AKRO _ (Akropolis)
2. 📊 _$BLZ _ (Bluzelle)
3. 📊 _$WRX _ (WazirX)
These coins are likely to experience a surge in price before being delisted 🚀. Be prepared to:
1. 📊 _Monitor prices closely_: Keep a close eye on price movements to capitalize on potential gains 📊.
2. 📈 _Set price alerts_: Set price alerts to notify you when the coins reach specific price levels 📈.
3. 🤝 _Have a strategy_: Develop a strategy for buying, selling, or holding the coins before the delisting date 📊.
🔍 Why This Happens:
The surge before delisting occurs because investors are trying to:
1. 📊 _Avoid losses_: By selling their holdings before the delisting, investors hope to avoid losses 📊.
2. 📈 _Make a quick profit_: Some investors try to make a quick profit by buying and selling the coins before the delisting 📈.
🚨 Warning:
Keep in mind that this surge is likely to be short-lived, and the coins will eventually be delisted 📆. Be cautious and don't get caught up in the hype 🚨.
#DelistingNotice #Write2Earn!
📊 The Pump Before the Dump:
Coins often surge in price before being delisted due to a combination of factors 🤔:
1. 📈 _Short squeeze_: As investors rush to sell their holdings before the delisting, a short squeeze may occur, driving up the price 📈.
2. 🤝 _Last-minute buying_: Some investors buy coins in hopes of making a quick profit before the delisting 📊.
3. 📊 _Speculative buying_: Investors speculate that the coin will surge before the delisting, creating a self-fulfilling prophecy 📈.
4. 📊 _Limited supply_: As investors sell their holdings, the available supply may decrease, driving up the price 📊.
5. 📈 _Panic buying_: As the delisting date approaches, some investors panic buy coins, driving up the price 📈.
🚨 Get Prepared for the Surge:
December 25, 2024 📆, is the delisting date for the following coins:
1. 📊 _$AKRO _ (Akropolis)
2. 📊 _$BLZ _ (Bluzelle)
3. 📊 _$WRX _ (WazirX)
These coins are likely to experience a surge in price before being delisted 🚀. Be prepared to:
1. 📊 _Monitor prices closely_: Keep a close eye on price movements to capitalize on potential gains 📊.
2. 📈 _Set price alerts_: Set price alerts to notify you when the coins reach specific price levels 📈.
3. 🤝 _Have a strategy_: Develop a strategy for buying, selling, or holding the coins before the delisting date 📊.
🔍 Why This Happens:
The surge before delisting occurs because investors are trying to:
1. 📊 _Avoid losses_: By selling their holdings before the delisting, investors hope to avoid losses 📊.
2. 📈 _Make a quick profit_: Some investors try to make a quick profit by buying and selling the coins before the delisting 📈.
🚨 Warning:
Keep in mind that this surge is likely to be short-lived, and the coins will eventually be delisted 📆. Be cautious and don't get caught up in the hype 🚨.
#DelistingNotice #Write2Earn!
Important Notice
Binance exchange decided to remove the 3 coins mentioned from its spot trading list because they did not meet its criteria.
On 2024.12.25, transactions will be completely stopped and will be closed to other transactions along with transfer transactions.
$AKRO
$BLZ
$WRX
After the exchange's decision to delete the mentioned coins, a rapid price drop occurred and continues. We will probably witness sudden increases and decreases in the coming days.
It would be beneficial for new users to be careful.
#DelistingNotice #DelistingAlert #DelistingUpdate
Binance exchange decided to remove the 3 coins mentioned from its spot trading list because they did not meet its criteria.
On 2024.12.25, transactions will be completely stopped and will be closed to other transactions along with transfer transactions.
$AKRO
$BLZ
$WRX
After the exchange's decision to delete the mentioned coins, a rapid price drop occurred and continues. We will probably witness sudden increases and decreases in the coming days.
It would be beneficial for new users to be careful.
#DelistingNotice #DelistingAlert #DelistingUpdate
🚨 BINANCE DELISTING ALERT: ACT NOW! 🚨
📊 Urgent Notice:
Binance has announced the delisting of three tokens, effective December 25, 2024 📆:
1. 📊 _$AKRO_ (Akropolis)
2. 📊 _$BLZ_ (Bluzelle)
3. 📊 _$WRX_ (WazirX)
🔍 What This Means:
Delisting means that these tokens will no longer be tradable on Binance, and users will need to take action to manage their holdings 📊.
🚨 Action Required:
If you hold any of these tokens, you must take the following steps:
1. 📊 _Withdraw Your Tokens_: Withdraw your $AKRO, $BLZ, and $WRX tokens from Binance before December 25, 2024 📆.
2. 📊 _Trade or Sell_: Trade or sell your tokens on other supported exchanges or platforms before the delisting date 📊.
3. 📊 _Consider Alternative Exchanges_: Research and consider transferring your tokens to alternative exchanges that support these tokens 📈.
🔮 Important Dates:
- 📆 _December 25, 2024_: Delisting effective date
- 📆 _Before December 25, 2024_: Withdraw, trade, or sell your tokens
📊 Stay Informed:
Stay up-to-date with the latest announcements and updates from Binance and other exchanges to ensure you're prepared for any changes 📊.
🔥 Conclusion:
Act now to manage your $AKRO, $BLZ, and $WRX holdings before the delisting date 🚨. Take the necessary steps to withdraw, trade, or sell your tokens to avoid any potential losses 📊.
#BTCNewATH
#PENGUOpening
#BinanceAlpha
#Write2Earn! #DelistingNotice
📊 Urgent Notice:
Binance has announced the delisting of three tokens, effective December 25, 2024 📆:
1. 📊 _$AKRO_ (Akropolis)
2. 📊 _$BLZ_ (Bluzelle)
3. 📊 _$WRX_ (WazirX)
🔍 What This Means:
Delisting means that these tokens will no longer be tradable on Binance, and users will need to take action to manage their holdings 📊.
🚨 Action Required:
If you hold any of these tokens, you must take the following steps:
1. 📊 _Withdraw Your Tokens_: Withdraw your $AKRO, $BLZ, and $WRX tokens from Binance before December 25, 2024 📆.
2. 📊 _Trade or Sell_: Trade or sell your tokens on other supported exchanges or platforms before the delisting date 📊.
3. 📊 _Consider Alternative Exchanges_: Research and consider transferring your tokens to alternative exchanges that support these tokens 📈.
🔮 Important Dates:
- 📆 _December 25, 2024_: Delisting effective date
- 📆 _Before December 25, 2024_: Withdraw, trade, or sell your tokens
📊 Stay Informed:
Stay up-to-date with the latest announcements and updates from Binance and other exchanges to ensure you're prepared for any changes 📊.
🔥 Conclusion:
Act now to manage your $AKRO, $BLZ, and $WRX holdings before the delisting date 🚨. Take the necessary steps to withdraw, trade, or sell your tokens to avoid any potential losses 📊.
#BTCNewATH
#PENGUOpening
#BinanceAlpha
#Write2Earn! #DelistingNotice
🚨 Binance Delisting Alert: Act Now! 🚨
Binance has announced the delisting of three tokens effective December 25, 2024:
$AKRO
$BLZ
$WRX
Don't let your investments be caught off guard! It's crucial to manage your positions and execute withdrawals before the deadline to prevent any potential losses or inconveniences. Check your portfolios and take action! 📉💸
Remember, once these tokens are delisted, they will no longer be available for trading on Binance. This could impact liquidity and value, so plan accordingly.
Stay ahead of the game with these important updates in the #crypto world.
#DelistingNotice
Binance has announced the delisting of three tokens effective December 25, 2024:
$AKRO
$BLZ
$WRX
Don't let your investments be caught off guard! It's crucial to manage your positions and execute withdrawals before the deadline to prevent any potential losses or inconveniences. Check your portfolios and take action! 📉💸
Remember, once these tokens are delisted, they will no longer be available for trading on Binance. This could impact liquidity and value, so plan accordingly.
Stay ahead of the game with these important updates in the #crypto world.
#DelistingNotice
Attention Please ⚠️ #DelistingNotice $WRX , $BLZ & $AKRO will be delisted on 25 Dec 2024 by Binance.
An exchange may delist a token due to several reasons, including: low trading volume, lack of project development, security concerns, regulatory issues, fraudulent activity by the project team, poor liquidity, technical problems with the token, or if the project is deemed to have no real-world utility; essentially, any factor that could negatively impact user experience or pose a risk to the exchange itself.
Key factors leading to delisting:
Low trading activity:
When a token has very little trading volume, it becomes difficult for users to buy or sell it at a fair price, leading to potential price manipulation and delisting.
Project development issues:
If a project shows significant delays, lack of progress on its roadmap, or abandonment by the development team, it may be delisted.
Security vulnerabilities:
If a token has repeated security issues like hacking incidents or flawed smart contracts, exchanges may delist it to protect users.
Regulatory concerns:
If a token is deemed to be non-compliant with regulations in a particular jurisdiction, it may be delisted to avoid legal issues.
Fraudulent activity:
If a project is suspected of engaging in deceptive marketing or fraudulent practices, exchanges may delist the token to safeguard users.
Poor liquidity:
When a token lacks sufficient liquidity, it can be difficult for users to quickly buy or sell it at a desired price, prompting delisting.
Technical issues:
Persistent technical issues or flaws in the token's functionality may lead to delisting.
What happens when a token is delisted?
Reduced trading options: Users can no longer trade the token on the exchange where it was delisted.
Potential difficulty selling: Depending on the token's overall liquidity, it may become harder to sell the token on other platforms after delisting.
Need to move tokens: Users may need to transfer their tokens to another exchange that still lists the token or to a personal wallet.
#DelistingNotice #Delisted
Key factors leading to delisting:
Low trading activity:
When a token has very little trading volume, it becomes difficult for users to buy or sell it at a fair price, leading to potential price manipulation and delisting.
Project development issues:
If a project shows significant delays, lack of progress on its roadmap, or abandonment by the development team, it may be delisted.
Security vulnerabilities:
If a token has repeated security issues like hacking incidents or flawed smart contracts, exchanges may delist it to protect users.
Regulatory concerns:
If a token is deemed to be non-compliant with regulations in a particular jurisdiction, it may be delisted to avoid legal issues.
Fraudulent activity:
If a project is suspected of engaging in deceptive marketing or fraudulent practices, exchanges may delist the token to safeguard users.
Poor liquidity:
When a token lacks sufficient liquidity, it can be difficult for users to quickly buy or sell it at a desired price, prompting delisting.
Technical issues:
Persistent technical issues or flaws in the token's functionality may lead to delisting.
What happens when a token is delisted?
Reduced trading options: Users can no longer trade the token on the exchange where it was delisted.
Potential difficulty selling: Depending on the token's overall liquidity, it may become harder to sell the token on other platforms after delisting.
Need to move tokens: Users may need to transfer their tokens to another exchange that still lists the token or to a personal wallet.
#DelistingNotice #Delisted
🚨💥 Binance Delists Five Cryptocurrencies: What You Need to Know 🚨💥
🔷 In a recent announcement, Binance, one of the world’s largest cryptocurrency exchanges, revealed that it will be delisting five cryptocurrencies from its platform. This move is set to take effect on December 10th, 2024, at 03:00 UTC. The coins affected by this delisting are Gifto (GFT), IRISnet (IRIS), SelfKey (KEY), OAX (OAX), and Ren (REN).
Here’s a breakdown of the delisting process and its impact on traders and holders of these cryptocurrencies.
🔶 Delisting Details: Which Coins Are Affected?
As part of its routine platform maintenance and commitment to supporting only high-quality and active projects, Binance has decided to remove trading pairs associated with five cryptocurrencies. The coins set to be delisted include:
Gifto (GFT)IRISnet (IRIS)SelfKey (KEY)OAX (OAX)Ren (REN)
The specific trading pairs affected will be:
GFT/USDTIRIS/BTCIRIS/USDTKEY/USDTOAX/BTCOAX/USDTREN/BTCREN/USDT
As of the delisting date, users will no longer be able to trade these pairs on Binance.
🔶 Key Dates to Remember
Binance has set clear dates for the suspension of various activities related to the delisting. Here’s a timeline of key events:
December 10, 2024 (03:00 UTC) – The aforementioned trading pairs will be removed from the platform.December 11, 2024 (03:00 UTC) – Deposits of the five delisted cryptocurrencies will no longer be supported on Binance.February 12, 2025 (03:00 UTC) – Withdrawals of the affected cryptocurrencies will be fully suspended.
Users holding these assets are advised to act promptly to transfer or convert their holdings before the deadlines.
🔶 What Does This Mean for Users?
1. Suspension of Deposits and Withdrawals
As the delisting date approaches, Binance will first stop supporting deposits for the affected coins on December 11, 2024. This means that users will not be able to send these coins to Binance after that date. Therefore, if you hold any of these cryptocurrencies on Binance, it’s crucial to withdraw or convert them into another asset before the deposit suspension takes effect.
2. Automatic Deactivation of Orders
Once the delisting happens on December 10th, any open orders related to the affected trading pairs will automatically be canceled. This includes limit and market orders for GFT/USDT, IRIS/BTC, IRIS/USDT, KEY/USDT, OAX/BTC, OAX/USDT, REN/BTC, and REN/USDT. Therefore, users should be prepared to manage their open orders before the cutoff date.
3. Impact on Cycle Transactions
Both KEY (SelfKey) and REN (Ren Protocol) will be removed from Binance’s cycle transactions. This means these assets will no longer be available for automated periodic purchases, which could impact users who rely on the feature for regular investments.
🔶 Why Is Binance Delisting These Cryptocurrencies?
The reasons behind delistings can vary, but they typically involve factors like low trading volume, lack of development, or failure to meet Binance’s internal listing standards. Binance has emphasized its commitment to maintaining a healthy trading environment by periodically removing coins that no longer meet its criteria for liquidity, user demand, or security.
This move is part of Binance’s ongoing effort to ensure the platform remains efficient and focused on the most promising assets in the crypto market. While Binance did not provide specific reasons for each individual cryptocurrency’s delisting, these actions are aligned with the exchange’s history of keeping its platform clean and sustainable for users.
🔶 What Should Users Do Next?
If you are holding any of the affected cryptocurrencies on Binance, it’s essential to act quickly. Here are some recommended steps:
Withdraw or Convert Your Coins: If you want to retain access to your holdings, it’s best to either withdraw them to an external wallet or convert them into another cryptocurrency or stablecoin before the deposit suspension on December 11th.Monitor Withdrawal Deadlines: Be aware of the final withdrawal deadline, February 12, 2025. After this date, you will no longer be able to withdraw the delisted coins from Binance.Check for Alternative Exchanges: If you still wish to hold any of these coins, research other exchanges or decentralized platforms that might continue supporting them. Make sure to transfer your assets well ahead of Binance’s suspension dates.
🔶 The Bigger Picture: Binance’s Delisting Strategy
Binance’s decision to delist these five cryptocurrencies highlights the dynamic nature of the crypto industry. Cryptocurrencies that were once highly popular can fall out of favor due to various reasons such as low project activity or shifts in market interest. As Binance continues to refine its listing standards, it’s clear that users need to stay proactive in managing their portfolios on exchanges, especially in such a fast-moving market.
The delisting process may seem inconvenient, but it’s a reminder of the volatility and the rapid changes in the cryptocurrency ecosystem. For users, it’s important to remain informed about such announcements and always have a backup plan for their holdings.
🔶 Conclusion: Take Action Before It’s Too Late
Binance’s delisting of Gifto (GFT), IRISnet (IRIS), SelfKey (KEY), OAX (OAX), and Ren (REN) is a significant move, but it also offers users a chance to review their portfolios and make informed decisions. To avoid any disruptions, users should act swiftly by withdrawing or converting their affected coins before the delisting process is finalized. As the crypto space continues to evolve, it’s important for traders and investors to stay on top of exchange updates and make timely decisions to safeguard their assets.
#DelistingNotice #BTCWatchZone #GameFiOnTheRise
Here’s a breakdown of the delisting process and its impact on traders and holders of these cryptocurrencies.
🔶 Delisting Details: Which Coins Are Affected?
As part of its routine platform maintenance and commitment to supporting only high-quality and active projects, Binance has decided to remove trading pairs associated with five cryptocurrencies. The coins set to be delisted include:
Gifto (GFT)IRISnet (IRIS)SelfKey (KEY)OAX (OAX)Ren (REN)
The specific trading pairs affected will be:
GFT/USDTIRIS/BTCIRIS/USDTKEY/USDTOAX/BTCOAX/USDTREN/BTCREN/USDT
As of the delisting date, users will no longer be able to trade these pairs on Binance.
🔶 Key Dates to Remember
Binance has set clear dates for the suspension of various activities related to the delisting. Here’s a timeline of key events:
December 10, 2024 (03:00 UTC) – The aforementioned trading pairs will be removed from the platform.December 11, 2024 (03:00 UTC) – Deposits of the five delisted cryptocurrencies will no longer be supported on Binance.February 12, 2025 (03:00 UTC) – Withdrawals of the affected cryptocurrencies will be fully suspended.
Users holding these assets are advised to act promptly to transfer or convert their holdings before the deadlines.
🔶 What Does This Mean for Users?
1. Suspension of Deposits and Withdrawals
As the delisting date approaches, Binance will first stop supporting deposits for the affected coins on December 11, 2024. This means that users will not be able to send these coins to Binance after that date. Therefore, if you hold any of these cryptocurrencies on Binance, it’s crucial to withdraw or convert them into another asset before the deposit suspension takes effect.
2. Automatic Deactivation of Orders
Once the delisting happens on December 10th, any open orders related to the affected trading pairs will automatically be canceled. This includes limit and market orders for GFT/USDT, IRIS/BTC, IRIS/USDT, KEY/USDT, OAX/BTC, OAX/USDT, REN/BTC, and REN/USDT. Therefore, users should be prepared to manage their open orders before the cutoff date.
3. Impact on Cycle Transactions
Both KEY (SelfKey) and REN (Ren Protocol) will be removed from Binance’s cycle transactions. This means these assets will no longer be available for automated periodic purchases, which could impact users who rely on the feature for regular investments.
🔶 Why Is Binance Delisting These Cryptocurrencies?
The reasons behind delistings can vary, but they typically involve factors like low trading volume, lack of development, or failure to meet Binance’s internal listing standards. Binance has emphasized its commitment to maintaining a healthy trading environment by periodically removing coins that no longer meet its criteria for liquidity, user demand, or security.
This move is part of Binance’s ongoing effort to ensure the platform remains efficient and focused on the most promising assets in the crypto market. While Binance did not provide specific reasons for each individual cryptocurrency’s delisting, these actions are aligned with the exchange’s history of keeping its platform clean and sustainable for users.
🔶 What Should Users Do Next?
If you are holding any of the affected cryptocurrencies on Binance, it’s essential to act quickly. Here are some recommended steps:
Withdraw or Convert Your Coins: If you want to retain access to your holdings, it’s best to either withdraw them to an external wallet or convert them into another cryptocurrency or stablecoin before the deposit suspension on December 11th.Monitor Withdrawal Deadlines: Be aware of the final withdrawal deadline, February 12, 2025. After this date, you will no longer be able to withdraw the delisted coins from Binance.Check for Alternative Exchanges: If you still wish to hold any of these coins, research other exchanges or decentralized platforms that might continue supporting them. Make sure to transfer your assets well ahead of Binance’s suspension dates.
🔶 The Bigger Picture: Binance’s Delisting Strategy
Binance’s decision to delist these five cryptocurrencies highlights the dynamic nature of the crypto industry. Cryptocurrencies that were once highly popular can fall out of favor due to various reasons such as low project activity or shifts in market interest. As Binance continues to refine its listing standards, it’s clear that users need to stay proactive in managing their portfolios on exchanges, especially in such a fast-moving market.
The delisting process may seem inconvenient, but it’s a reminder of the volatility and the rapid changes in the cryptocurrency ecosystem. For users, it’s important to remain informed about such announcements and always have a backup plan for their holdings.
🔶 Conclusion: Take Action Before It’s Too Late
Binance’s delisting of Gifto (GFT), IRISnet (IRIS), SelfKey (KEY), OAX (OAX), and Ren (REN) is a significant move, but it also offers users a chance to review their portfolios and make informed decisions. To avoid any disruptions, users should act swiftly by withdrawing or converting their affected coins before the delisting process is finalized. As the crypto space continues to evolve, it’s important for traders and investors to stay on top of exchange updates and make timely decisions to safeguard their assets.
#DelistingNotice #BTCWatchZone #GameFiOnTheRise
Delisting Coins on the Rise: $IRIS , $OAX , $REN ,
Please be careful .. Don't invest in it..
Today’s top gainers showcase a powerful rally across multiple cryptocurrencies, with IRIS stealing the spotlight after an extraordinary 66.09% surge. The coin is now priced at $0.01636, reflecting a breakout move fueled by heightened interest and volume. LUMIA follows closely, climbing 39.93% to $2.53, driven by bullish momentum, indicating strong buyer activity in its market. YFI, trading at a staggering $12,027 with a 31.27% gain, showcases its dominance as a high-value token making a dramatic upward move, likely influenced by institutional interest.
Other notable performers include OAX at $0.0976 (+25.45%) and REN, surging 24.90% to $0.05734. These coins are signaling significant market confidence, attracting traders looking for rapid returns. Finally, COMP ends the list with a strong 24.78% gain, now priced at $115.52. The upward movements of these assets highlight a vibrant market with bullish trends across diverse sectors. Traders are advised to watch these coins closely, as the momentum could push prices further into new highs or invite short-term corrections. The current volatility offers both opportunities and risks, demanding tight risk management strategies.
#DelistingNotice #DelistingDrama
Please be careful .. Don't invest in it..
Today’s top gainers showcase a powerful rally across multiple cryptocurrencies, with IRIS stealing the spotlight after an extraordinary 66.09% surge. The coin is now priced at $0.01636, reflecting a breakout move fueled by heightened interest and volume. LUMIA follows closely, climbing 39.93% to $2.53, driven by bullish momentum, indicating strong buyer activity in its market. YFI, trading at a staggering $12,027 with a 31.27% gain, showcases its dominance as a high-value token making a dramatic upward move, likely influenced by institutional interest.
Other notable performers include OAX at $0.0976 (+25.45%) and REN, surging 24.90% to $0.05734. These coins are signaling significant market confidence, attracting traders looking for rapid returns. Finally, COMP ends the list with a strong 24.78% gain, now priced at $115.52. The upward movements of these assets highlight a vibrant market with bullish trends across diverse sectors. Traders are advised to watch these coins closely, as the momentum could push prices further into new highs or invite short-term corrections. The current volatility offers both opportunities and risks, demanding tight risk management strategies.
#DelistingNotice #DelistingDrama