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Binance Will Delist DREP, MOB, PNT on 2024-04-03

Binance Will Delist DREP, MOB, PNT on 2024-04-03

2024-03-20 06:00

This is a general announcement. Products and services referred to here may not be available in your region.

Fellow Binancians,

At Binance, we periodically review each digital asset we list to ensure that it continues to meet a high level of standard and industry requirements. When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it. Our priority is to ensure the best services and protections for our users while continuing to adapt to evolving market dynamics. 

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

  • New regulatory requirements

  • Contribution to a healthy and sustainable crypto ecosystem

Based on our most recent reviews, we have decided to delist and cease trading on all trading pairs for the following token(s) at 2024-04-03 03:00 (UTC):

  • DREP (DREP)

  • Mobilecoin (MOB)

  • pNetwork (PNT)

Please note:

  • The exact trading pairs being removed are: DREP/BTC, DREP/USDT, MOB/BTC, MOB/USDT, PNT/USDT.

  • 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 Balances” in all of your wallets.

  • Deposits of these token(s) after 2024-04-04 03:00 (UTC) will not be credited to your account. 

  • Withdrawals of these token(s) from Binance will not be supported after 2024-07-03 03:00 (UTC).

  • Delisted tokens MAY be converted into stablecoins on behalf of users after 2024-07-03 03:00 (UTC). Please note that the conversion of delisted tokens into stablecoins is NOT guaranteed. A separate notification will be made before the conversion where applicable, and the stablecoins will be credited to users’ Binance accounts after the conversion. 

  • Binance Simple Earn will delist the token(s) mentioned above after 2024-04-01 03:00 (UTC). Users may choose to redeem their Flexible Products positions beforehand. Otherwise, these Flexible Products positions will be automatically redeemed at the above-mentioned time, and subsequently transferred to users’ Spot Wallets. 

  • Binance Auto-Invest will delist the token(s) mentioned above after 2024-03-26 03:00 (UTC). Users may choose to remove the plan(s) beforehand. Otherwise, the next recurring cycle of the aforementioned token(s) will fail.

  • At 2024-03-28 03:00 (UTC), Binance Loans (Flexible and Stable Rates) and VIP Loan will close all outstanding loan positions for the aforementioned token(s) as loanable token(s) and collateral token(s). Users are strongly advised to repay their outstanding loans before 2024-03-28 03:00 (UTC) to avoid any potential losses, where applicable.

  • Binance Margin will delist DREP, MOB and PNT cross margin and isolated margin pair(s) at 2024-03-28 06:00 (UTC). At 2024-03-25 06:00 (UTC), Binance Margin will suspend isolated margin borrowing on the aforementioned isolated margin pairs. At 2024-03-28 06:00 (UTC), Binance Margin will close users’ positions, conduct an automatic settlement and cancel all pending orders on the aforementioned cross and isolated margin pair(s). These pair(s) will then be removed from Margin. Please note that users will not be able to update their positions during the delisting process, and they are strongly advised to close their positions and/or transfer their assets from Margin Wallets to Spot Wallets prior to the cessation of margin trading at 2024-03-28 06:00 (UTC). Binance will not be responsible for any potential losses. 

  • Portfolio Margin users are advised to transfer the token(s) mentioned above out of their Margin Wallet to their Spot Wallet and to top up their margin balance before 2024-03-28 06:00 (UTC) where applicable. Users should monitor the Unified Maintenance Margin Ratio (Uni-MMR) closely to avoid any potential liquidation that may result from the removal of the token(s) mentioned above from the Margin Wallet.

  • All DREP, MOB and PNT balances in Cross Margin Wallets under the Portfolio Margin account will be automatically converted to USDT from 2024-03-28 06:00 (UTC). The conversion may take approximately 24 hours or longer. Binance Margin will not be liable for any losses on new positions during this period that may incur due to the conversion of funds. Refer to this FAQ for more information.

  • Binance Convert will delist the aforementioned token(s) and all associated pairs at 2024-03-27 03:00 (UTC).

  • Binance Gift Card will delist the token(s) mentioned above at 2024-04-03 03:00 (UTC) Users are encouraged to manage Gift Cards containing these token(s) in advance to avoid any inconveniences.

  • Binance Pay will delist the aforementioned token(s) at 2024-04-01 03:00 (UTC).

  • Binance will terminate Trading Bots services for the aforementioned spot trading pairs at 2024-04-03 03:00 (UTC) where applicable. Users are strongly advised to update and/or cancel their Trading Bots prior to the cessation of Trading Bots services to avoid any potential losses.

  • There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise. 

We thank you for your support as we continue to build the crypto ecosystem in a way that promotes transparency and long-term, sustainable growth.

Thank you for your support!

Binance Team

2024-03-20

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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.

Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see our Terms of Use and Risk Warning.