One of the world’s leading cryptocurrency exchanges, Binance, announced it will delist BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastarter (POLS). The cryptocurrency exchange will start the delisting process on July 22, 2024.
Altcoins and Trading Pairs to be Delisted
Binance stated that it periodically reviews each listed altcoin to ensure they meet high standards and industry requirements. As a result of these evaluations, some altcoins may be delisted if they do not meet the standards or if industry dynamics change. Binance emphasized that these decisions are made to provide the best service to its users and to adapt to market dynamics.
In the announcement from the cryptocurrency exchange, the altcoins to be delisted and their respective trading pairs are as follows:
- BarnBridge (BOND): BOND/BTC, BOND/USDT
- Dock (DOCK): DOCK/BTC, DOCK/USDT
- Mdex (MDX): MDX/USDT
- Polkastarter (POLS): POLS/USDT
Important Dates and Other Details Regarding the Delisting Process
Binance will delist BOND, DOCK, MDX, and POLS on July 22, 2024, at 06:00 AM UTC. Deposits for these altcoins will not be supported starting from July 23, 2024, at 06:00 AM UTC. Withdrawals for these altcoins will not be supported starting from October 22, 2024, at 06:00 AM UTC.
Additionally, Binance will halt services such as Simple Earn, Auto-Invest, VIP Loan, and Margin for these altcoins on specific dates. The cryptocurrency exchange advised users to close their positions or transfer their assets to another platform to avoid potential losses.
Binance warned its users to be prepared for the upcoming changes and mentioned that the delisted altcoins could potentially be converted to stablecoins, although this is not guaranteed.
