Binance Announces Delisting for 4 Altcoins: Here’s What You Need to Know

BE[IN]CRYPTO10-23

Binance to delist 4 spot trading pairs on November 6th, affecting IDRT, KP3R, OOKI, and UNFI tokens. Token holders should revise trading strategies, as trades will be removed after delisting. ...

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Based on this, it removes or delists those that fall below the bar. The exchange claims these measures protect users and uphold a high-quality trading environment amidst a changing market.Read more:Binance Review 2024: Is It the Right Crypto Exchange for You?Thi","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"UNFI":"联合原生态食品","BK4102":"食品分销商"},"translate_title":"币安宣布4种山寨币退市：以下是您需要了解的内容","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"UNFI":1},"content_text":"Binance to delist 4 spot trading pairs on November 6th, affecting IDRT, KP3R, OOKI, and UNFI tokens.\nToken holders should revise trading strategies, as trades will be removed after delisting.\nWithdrawals of delisted tokens won't be supported after February 6, 2025, with possible conversion to stablecoins.\n\nBinance, one of the world’s largest crypto exchanges, has declared the delisting of four altcoin’s spot trading pairs.\nThis action, set to take effect on November 6 at 03:00 UTC, reflects Binance’s attempts to enhance market quality.\nWhat Token Holders on Binance Need To Do?\nBinance periodically evaluates the performance of its listed trading pairs to ensure they progressively meet a high level of standard and industry requirements. Based on this, it removes or delists those that fall below the bar. The exchange claims these measures protect users and uphold a high-quality trading environment amidst a changing market.\nRead more: Binance Review 2024: Is It the Right Crypto Exchange for You?\nAgainst this backdrop, the exchange will delist trading pairs for Rupiah Token (IDRT), Keep3rV1 (KP3R), Ooki Protocol (OOKI), and Unifi Protocol DAO (UNFI). Specifically:\n\nUSDT/IDRT\nKP3R/USDT\nOOKI/USDT\nUNFI/TRY, UNFI USDT, and UNFI/BTC\n\nNoteworthy, Binance will remove all trade orders after trading ceases in each respective trading pair. This means that token holders would no longer be able to view the valuation of these tokens in their wallet after delisting.\nAmidst these Binance delistings, the exchange has given a window for token holders, noting that deposits after November 7, 2024, at 03:00 (UTC) will not be credited to users’ accounts. Furthermore, withdrawals of these tokens from Binance will not be supported after February 6, 2025, at 03:00 (UTC).\nBinance might convert the delisted tokens into stablecoins on February 7, 2025, at 03:00 UTC. While this is subject to confirmation, the exchange committed to a separate notification before the conversion.\n\n“A separate notification will be made before the conversion where applicable, and the stablecoins will be credited to users’ Binance accounts after the conversion,” the crypto exchange explained.\n\nThis means users with an interest in these pairs should revise their trading strategies accordingly. Importantly, the exchange will also eliminate KP3R/USDT, OOKI/USDT, UNFI/BTC, UNFI/USDT cross, and isolated margin pairs from Margin. Binance advises traders to either cancel or update their automated trades to avoid potential financial losses.\nIn the immediate aftermath of this round of delisting news, the value of KP3R, OOKI, and UNFI tokens has severely dropped.\nRead more: 11 Cryptos To Add To Your Portfolio Before Altcoin Season\nKP3R, OOKI, and UNFI Price Performance. Source: TradingView\nThis is unsurprising, given the history of token delistings on Binance has often resulted in price volatility, leading to substantial price drops for concerned altcoins\n\n\n\n\nTop crypto platforms | October 2024\n\n\n\nAlgosOne\nExplore\n\n\n\n\n\n\nBYDFi\nNo KYC\n\n\n\n\n\n\nMargex\nExplore\n\n\n\n\n\n\nСoinex\nExplore\n\n\n\n\n\n\n\n\n\nTop crypto platforms | October 2024\n\n\nAlgosOne\n\n\n\n\n\n\n\n\nBYDFi\n\n\n\n\n\n\n\n\nMargex\n\n\n\n\n\n\n\n\nСoinex","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.2","shortVersion":"4.29.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2477126308"}