Binance, a renowned player in the cryptocurrency exchange realm, has unveiled plans to remove BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastarter (POLS) from its platform. The delisting process is scheduled to kick off on July 22, 2024.
Altcoins and Trading Pairs to be Eliminated
Binance undertakes routine evaluations of every listed altcoin to ensure adherence to strict standards and industry prerequisites. Consequently, altcoins failing to meet these benchmarks or align with evolving industry trends may face delisting. Binance underscores that these actions are taken to optimize user experience and adapt to fluctuating market conditions.
In the official communication released by the exchange, the identified altcoins earmarked for delisting, alongside their corresponding trading pairs, include:
- BarnBridge (BOND): BOND/BTC, BOND/USDT
- Dock (DOCK): DOCK/BTC, DOCK/USDT
- Mdex (MDX): MDX/USDT
- Polkastarter (POLS): POLS/USDT
Key Dates and Delisting Logistics
Binance is slated to delist BOND, DOCK, MDX, and POLS on July 22, 2024, at 06:00 AM UTC. As of July 23, 2024, at 06:00 AM UTC, deposits for these altcoins will no longer be accepted. Likewise, withdrawals for these altcoins will cease from October 22, 2024, at 06:00 AM UTC.
Moreover, Binance will suspend services such as Simple Earn, Auto-Invest, VIP Loan, and Margin that relate to these altcoins on specified dates. Users are advised by the exchange to either liquidate their positions or transfer their funds to an alternate platform to mitigate potential risks.
Binance cautions its users to brace themselves for the forthcoming modifications and notes the potential conversion of the delisted altcoins to stablecoins, albeit contingent on specific factors.
