The cryptocurrency exchange Binance announced it will support the token swap and rebranding of the popular altcoin Render (RNDR) to Render (RENDER). This change will affect many transactions, deposits, withdrawals, and other services on the platform.
Removal of Trading Pairs and New Listings
Binance will remove the existing RNDR spot trading pairs on July 22, 2024, at 06:00 AM UTC. These trading pairs include RNDR/BTC, RNDR/USDT, RNDR/FDUSD, RNDR/USDC, RNDR/TRY, RNDR/EUR, and RNDR/BRL. All pending RNDR spot orders will be canceled. The new RENDER trading pairs will be available on July 26, 2024, at 11:00 AM UTC. The new trading pairs include RENDER/BTC, RENDER/USDT, RENDER/FDUSD, RENDER/USDC, RENDER/TRY, RENDER/EUR, and RENDER/BRL.
On July 22, 2024, at 06:00 AM UTC, RNDR deposit and withdrawal transactions will be suspended. Binance recommends users complete their RNDR deposits before this time. The cryptocurrency exchange will make a separate announcement after the token swap and rebranding are completed, and RNDR deposits and withdrawals will no longer be supported. Binance will meet all technical requirements for users.
Additionally, Binance’s futures trading arm Binance Futures will close all RNDRUSDT perpetual futures positions and perform an automatic liquidation on July 16, 2024, at 12:00 PM UTC. Similarly, Binance Margin will delist RNDR/BTC, RNDR/USDC, and RNDR/USDT cross margin pairs and RNDR/BTC and RNDR/USDT isolated margin pairs on July 17, 2024, at 09:00 AM UTC. Users are advised to close their positions and transfer their assets from margin wallets to spot wallets.
Moreover, Binance Loans will close all open RNDR loan positions on July 17, 2024, at 06:00 AM UTC. Simple Earn will stop supporting RNDR flexible products on July 19, 2024, at 06:00 AM UTC. Binance Pay will remove RNDR from the list of supported cryptocurrencies and will stop supporting RNDR gift cards on July 22, 2024, at 06:00 AM UTC. Unused RNDR gift cards will be automatically converted to RENDER gift cards.
Token Swap Details
Currently using the RNDR ticker, Render will adopt the RENDER ticker on Binance after rebranding, and RNDR tokens will be converted to RENDER at a 1:1 ratio. Binance will manage the technical aspects of the token swap automatically, ensuring a smooth transition for users.
