The world’s largest cryptocurrency exchange Binanceannounced that it decided to delist four altcoins as a result of its latest evaluations. Altcoins to be delisted will no longer be traded on the cryptocurrency exchange as of November 6, 2024. As altcoins to be delisted Rupiah Token (IDRT), Keep3rV1 (KP3R), Ooki Protocol (OOKI) and Unifi Protocol DAO (UNFI) was shown. Binance stated that the delist decision was taken in line with the aim of providing the best service to its users.
Trading and Withdrawal Transactions Are Suspended
Binance, regarding the altcoins in question trade transactionsIt will stop on November 6, 2024. In addition, users will be able to withdraw these altcoins from the cryptocurrency exchange until February 7, 2025. After this date, withdrawals will be stopped completely. Binance also added that it is considering the option of converting the delisted altcoins into a stablecoin later, but there is no guarantee of this.
On the other hand Binance Futures And margin In the following sections, transaction termination dates for the altcoins in question were determined. As of October 31, 2024, cross and isolated margin transactions will be terminated and users are recommended to close their positions by this date. Otherwise, automatic shutdown will be performed.
Things Users Should Pay Attention to
After Binance’s delisting decision, users must close all their positions in the altcoins to be delisted and withdraw these altcoins from their wallets. Otherwise, Binance may convert altcoins to stablecoins. However, let us underline that this is not a guarantee.
Moreover cryptocurrency exchangeServices such as automatic investment and arbitrage bots will also be terminated for the altcoins in question on the specified dates. Users need to take precautions against possible losses that may arise from these services.
Binance warned all its users against potential risks that may occur during the delisting transactions of IDRT, KP3R, OOKI and UNFI and advised them to carefully manage their assets on the platform.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
