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Binance, the world’s largest cryptocurrency exchange, has announced its decision to delist four altcoins as part of its latest evaluation. The affected altcoins, which will cease trading on the platform starting November 6, 2024, are Rupiah Token (IDRT), Keep3rV1 (KP3R), Ooki Protocol (OOKI), and Unifi Protocol DAO (UNFI). Binance stated that this decision aligns with its commitment to providing the best service to its users.
Trading and Withdrawal Operations Halted
Trading for these altcoins will stop on November 6, 2024. Users will be able to withdraw these altcoins from the exchange until February 7, 2025; after this date, withdrawals will no longer be available. Binance also noted that while there is a possibility of converting the delisted altcoins into a stablecoin, there is no guarantee for this process.
Additionally, Binance Futures and Margin sections have set termination dates for trading these altcoins. Cross and isolated margin trading will conclude on October 31, 2024, and users are advised to close their positions by this date to avoid automatic closures.
What Users Need to Pay Attention To
Following Binance’s delisting announcement, users must close all positions related to the delisted altcoins and withdraw them from their wallets. Failure to do so may lead Binance to convert the altcoins to stablecoin, although this is not guaranteed.
Moreover, services such as automated investment and arbitrage bots will also be terminated for these altcoins on the specified dates. Users should take precautions against potential losses that may arise from these services.
Binance has cautioned its users about the potential risks associated with the delisting of IDRT, KP3R, OOKI, and UNFI, advising them to carefully manage their assets on the platform.
