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Binance Will Support the Paxos Standard (PAX) Rebrand to Pax Dollar (USDP)

2021-08-30 08:11
Fellow Binancians,
Binance will support the Paxos Standard (PAX) rebrand to Pax Dollar (USDP). Further details about this change are shown below:
Please note:
  • At 2021-09-06 02:00 (UTC), we will suspend PAX deposits and withdrawals. Please ensure that you leave sufficient time for your PAX deposits to be fully processed prior to the mentioned time.
  • At 2021-09-06 04:00 (UTC), we will halt trading for all PAX trading pairs (BTC/PAX, ETH/PAX, BNB/PAX, PAX/USDT, PAX/BUSD), and the trading pairs will also subsequently be delisted from the exchange. We will then take a snapshot of all PAX balances and begin the distribution of USDP to all eligible users at a ratio of 1 PAX = 1 USDP.
  • At 2021-09-10 04:00 (UTC), we will open trading for the new BTC/USDP, ETH/USDP, BNB/USDP, USDP/USDT, and USDP/BUSD.
  • Deposits and withdrawals for USDP will be opened once the process is complete and we will notify users in a separate announcement.
For further information, please refer to the following:

Risk warning: Cryptocurrency trading is subject to high market risk. Please make your trades cautiously. Binance will make best efforts to choose high-quality coins, but will not be responsible for your trading losses.
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Binance Team
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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.
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