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Binance set to delist four cryptocurrencies by July 2024, urging users to close positions and consider alternative platforms.
Binance will be removing the trading pairs BOND/BTC, BOND/USDT, DOCK/BTC, DOCK/USDT, MDX/USDT, and POLS/USDT. This action follows a comprehensive review process aimed at maintaining the platform’s high standards and adapting to evolving market conditions. As Binance regularly evaluates the performance and compliance of listed cryptocurrencies, decisions like these are essential to ensure both quality service and user protection.
The delisting of these altcoins is planned to start on July 22, 2024, at 06:00 AM UTC. Users should note that deposits for BOND, DOCK, MDX, and POLS will be discontinued from July 23, 2024, at 06:00 AM UTC, followed by a halt on withdrawals starting October 22, 2024, at 06:00 AM UTC. Binance advises all users to take proactive steps, including closing their positions and transferring their assets to other platforms to mitigate any potential risks associated with these changes.
As the delisting date approaches, Binance’s user base is recommended to take the following actions:
Binance urges users to remain vigilant and keep abreast of updates as the delisting date draws closer to ensure seamless adaptation to these changes.
In summary, Binance’s decision to delist BarnBridge, Dock, Mdex, and Polkastarter underscores their ongoing commitment to maintaining a robust and reliable trading environment. This move calls for immediate user action to prevent loss and disruption. By closing positions and possibly shifting to alternative platforms, users can navigate these changes effectively and continue their crypto trading endeavors with minimal impact.
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