Binance Announces Delisting of Four Altcoins and Corresponding Trading Pairs

The largest cryptocurrency exchange, Binance, has made a significant announcement that is set to shake up the market. In a move to protect its users and maintain industry standards, Binance has decided to delist four altcoins from its platform – BOND, DOCK, MDX, and POLS.

This decision comes at a time when the market is facing a downturn, with a 2.67% decrease in value over the last 24 hours. Binance has stated that these tokens have failed to meet their level of standard and industry requirements, prompting the removal from the platform.

Investors are advised to monitor their portfolios closely and make the necessary adjustments to avoid potential losses as the value of the affected tokens may be impacted following the delisting. The trading pairs for these tokens will cease on July 22, at 03:00 (UTC), and all open trade orders will be removed automatically.

Furthermore, Binance will stop deposits for these tokens from July 23, and any deposits made after this date will not be credited to the wallet. Withdrawals will continue until October 22, after which users may receive an automatic conversion into stablecoins, although this is not guaranteed.

In addition to removing the tokens from the trading platform, Binance will also delist them from other services such as Binance Simple Earn, Binance Auto-Invest, VIP Loans, and more. Users are advised to check the detailed announcement for the complete dates of removal across all services.

Overall, Binance’s decision to delist these altcoins highlights the importance of maintaining industry standards and protecting users in a volatile market. Investors are urged to stay informed and take proactive measures to safeguard their investments.