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Sujit Kumar
Jul 8, 2024
by Sujit Kumar

Binance Announces Delisting of Multiple Trading Pairs Due to Low Activity

trading pairs

Table of contents

  1. Criteria for Delisting
  2. Assets to Be Delisted
  3. Action Required by Users
  4. Conclusion
Binance has announced it will delist several trading pairs due to low trading activity, liquidity, and overall popularity. This action aligns with Binance's commitment to maintaining high standards for listed assets, ensuring they meet industry benchmarks and evolving market conditions.

Criteria for Delisting

The decision to delist a digital asset is influenced by various factors. These include the development team's dedication to the project, the volume and quality of development activity, trading volume and liquidity, network security and stability, smart contract reliability, public communication, and responsiveness to due diligence requests. These factors collectively impact the fundamental health of the assets.

Assets to Be Delisted

The assets scheduled for delisting are BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkaster (POLS). Trading for these pairs will cease, and all trade orders will be automatically canceled. Following the delisting, the token valuations will no longer be displayed in wallets, and deposits made after July 23, 2024, will not be credited to user accounts. Additionally, withdrawals will not be accepted after October 22, 2024. Users may convert their delisted tokens into stablecoins after October 23, 2024, although this conversion is not guaranteed.

Action Required by Users

Users of Binance Simple Earn, Auto-Invest, Binance Loans, and Binance Margin are advised to manage their positions and assets before the specified deadlines to avoid potential losses. Ensuring compliance with these timelines is crucial to safeguarding investments and avoiding complications arising from the delisting process.

Conclusion

This delisting is part of Binance's regular evaluation to ensure listed assets meet stringent industry standards and adapt to changing market dynamics. Users holding BarnBridge, Dock, Mdex, or Polkaster should take immediate action to manage their assets before the October 22, 2024, deadline.

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Binance Announces Delisting of Multiple Trading Pairs Due to Low Activity
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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