Binance to Remove BOND, DOCK, MDX, and POLS Altcoins
Binance, a prominent cryptocurrency exchange globally, has revealed its decision to eliminate BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastarter (POLS) from its platform. The de-listing process is scheduled to commence on July 22, 2024.
Altcoin Delisting by Binance
The renowned exchange, Binance, conducts regular assessments of all listed altcoins to ensure compliance with rigorous standards and industry prerequisites. Specific altcoins face removal if they fall short of these standards or if market conditions shift. Binance's primary objective is to enhance user experience and remain in sync with market dynamics.
The delisted altcoins and their trading pairs are as follows: - BarnBridge (BOND): BOND/BTC, BOND/USDT - Dock (DOCK): DOCK/BTC, DOCK/USDT - Mdex (MDX): MDX/USDT - Polkastarter (POLS): POLS/USDT
De-listing Procedure and User Recommendations
Binance will officially de-list BOND, DOCK, MDX, and POLS on July 22, 2024, at 06:00 AM UTC. Subsequently, from July 23, 2024, at 06:00 AM UTC, deposits for these altcoins will cease. Withdrawals will be disabled post October 22, 2024, at 06:00 AM UTC.
Furthermore, Binance will halt services such as Simple Earn, Auto-Invest, VIP Loan, and Margin for these altcoins on specific dates. Users are encouraged to take action by either closing their positions or transferring assets to alternate platforms to mitigate potential losses.
User Caution and Transition of Delisted Altcoins
Binance has issued warnings to users to prepare for these modifications. There is a possibility that the delisted altcoins may be converted into stablecoins, albeit without a guarantee.
Important Note: This article serves solely as informative content and should not be construed as legal, tax, investment, financial, or any other form of advice.
