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Binance's Delisting Announcement: What Traders Need to Know ๐คทโโ๏ธ
Binance recently announced the delisting of four digital assets: Aragon (ANT), Multichain (MULTI), Vai (VAI), and Monero (XMR), effective February 20, 2024, at 03:00 (UTC). This decision follows a rigorous review process, considering factors like team commitment, development activity, and trading volume, aimed at upholding the exchange's standards and ensuring user safety.
Key points for traders:
- Trading pairs involving ANT, MULTI, VAI, and XMR will be removed, with all trade orders in these pairs canceled.
- Deposits cease on February 21, 2024, while withdrawals end on May 20, 2024.
- Delisted tokens may be converted into stablecoins after May 21, 2024, though conversion isn't guaranteed.
- Users in Binance services related to these tokens should heed specific dates to avoid losses.
Traders must manage their assets accordingly, staying informed and proactive to ensure a smooth transition. Binance appreciates user cooperation as it prioritizes transparency and sustainability.
For detailed instructions, refer to the official announcement on Binance's platform. By taking appropriate actions, traders can navigate this transition effectively and continue engaging in the crypto markets.
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