At Binance, we periodically review each digital asset we list to ensure that it continues to meet the high level of standard we expect. When a coin or token no longer meets this standard, or the industry changes, we conduct a more in-depth review and potentially delist it. We believe this best protects all our users.
When we conduct these reviews, we consider a variety of factors. Here are some that drive whether we decide to delist a digital asset:
- Commitment of team to project
- Level and quality of development activity
- Trading volume and liquidity
- Stability and safety of network from attacks
- Network / smart contract stability
- Level of public communication
- Responsiveness to our periodic due diligence requests
- Evidence of unethical/fraudulent conduct or negligence
- Contribution to a healthy and sustainable crypto ecosystem
Based on our most recent reviews, we will delist and cease trading on all trading pairs for the following token from 2021-09-24 08:00 (UTC):
- Binance will remove the following trading pairs: COVER/ETH and COVER/BUSD.
- At 2021-09-22 08:00 (UTC), Binance will conduct an automatic settlement and cancel all pending orders, and then delist the COVER/BUSD isolated margin trading pair.
- All trade orders will be automatically removed after trading ceases in each respective trading pair.
- To view your assets after trading ceases, please ensure you have not selected “Hide small assets” in your Funds page.
- Withdrawals of COVER from Binance will continue to be supported until 2021-12-24 at 08:00 (UTC).
- Deposits of COVER after 2021-12-24 08:00 (UTC) will not be credited to your account.
- The COVER team announced on 2021-09-05 the shutdown of the RULER & COVER Protocol project. Binance has actively reached out to the COVER team for more information and will share any relevant updates in a separate announcement.
- Please only refer to official statements from Binance regarding any activity involving COVER or other third parties.
For further information, please refer to the following:
We thank you for your support as we continue to advocate for transparency and long-term, sustainable growth of the wider industry.
Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. You are advised that Binance is not responsible for your trading losses.
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Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.