To ensure high-quality offerings, Binance conducts regular reviews of all listed digital assets. When a token no longer meets listing standards or faces significant industry changes, Binance performs an in-depth evaluation and may proceed with delisting. This process is crucial to protecting users and maintaining market integrity.
Multiple factors are considered before making a delisting decision. These include the commitment of the project team, the level of development activity, trading volume and liquidity, network stability, quality of community engagement, responsiveness to periodic reviews, ethical conduct, and contribution to the broader blockchain ecosystem.
Based on the latest review, Binance will delist and cease trading for Aragon (ANT), Multichain (MULTI), Vai (VAI), and Monero (XMR) on February 20, 2024, at 11:00 AM (UTC+8).
Key Dates and Important Actions for Users
Trading and Order Removal
The following trading pairs will be removed:
- ANT/BTC, ANT/USDT
- MULTI/USDT
- USDT/VAI
- XMR/BNB, XMR/BTC, XMR/ETH, XMR/USDT
All open orders for these pairs will be automatically removed after trading ceases. Users are advised not to enable the “Hide Small Assets” option in their wallets to ensure they can view any remaining balances of the delisted tokens.
Deposits and Withdrawals
After February 21, 2024, at 11:00 AM (UTC+8), deposits of ANT, MULTI, VAI, or XMR will not be credited to Binance wallets.
The withdrawal service for these tokens will remain available until May 20, 2024, at 11:00 AM (UTC+8).
Conversion to Stablecoins
Binance may convert the delisted tokens to stablecoins for users after May 21, 2024, at 11:00 AM (UTC+8). Please note that the conversion rate cannot be guaranteed. An official announcement will precede the conversion if applicable, and the stablecoins will be credited to users' Spot Wallets.
Impact on Binance Services
Binance Earn
These tokens will be delisted from Binance Earn on February 19, 2024, at 11:00 AM (UTC+8). Users with flexible savings holdings should redeem them early. Otherwise, these holdings will be automatically redeemed and transferred to their Spot Wallets.
Binance Auto-Invest
The tokens will be removed from Binance Auto-Invest on February 14, 2024, at 11:00 AM (UTC+8). Users are advised to delete any related investment plans beforehand. Otherwise, the next scheduled purchase will fail.
Binance Loans (Including VIP Loans)
Automatic settlement and liquidation for all open loan positions involving these tokens (as either borrowed or collateral assets) will occur on February 18, 2024, at 11:00 AM (UTC+8). Users are strongly urged to repay any outstanding loans before this time to avoid potential losses.
Binance Margin Trading
All isolated and cross-margin pairs for ANT, MULTI, and XMR will be removed on February 16, 2024, at 2:00 PM (UTC+8).
- Borrowing for these pairs on Isolated Margin will be suspended from February 8, 2024, at 6:00 PM (UTC+8).
- All open margin positions for these pairs will be automatically liquidated, and all pending orders will be canceled at the removal time.
- Users must close their positions and/or transfer assets from their Margin Wallet to their Spot Wallet before the deadline. Binance will not be responsible for any losses incurred.
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For Unified Account Users
Users with a Unified Account must transfer these tokens from their Margin Wallet to their Spot Wallet and top up their margin balance before February 16, 2024, at 2:00 PM (UTC+8). They should closely monitor their Unified Account Maintenance Margin Ratio (Uni-MMR) to avoid potential liquidation.
Starting from the same deadline, any remaining ANT, MULTI, or XMR balances in the Cross Margin Wallet will be automatically converted to USDT. This process may take approximately 24 hours or longer. Binance is not liable for any losses resulting from this conversion.
Binance Futures
The XMRUSD perpetual contract will be delisted. Automatic settlement will occur on February 15, 2024, at 5:00 PM (UTC+8).
- Users will be unable to open new positions for this contract after February 15, 2024, at 4:30 PM (UTC+8).
- Binance Futures may implement additional protective measures for this contract without further announcement. These could include adjustments to leverage, margin tiers, funding rates, price index components, or activating the "Last Price Protection Mechanism."
- Please note: XMRUSDT and ANTUSDT perpetual contracts are NOT affected by this delisting.
Binance Convert
The delisted tokens and all related pairs will be removed from Binance Convert on February 16, 2024, at 11:00 AM (UTC+8).
Binance Gift Card and Pay
These tokens will be delisted from Binance Gift Card on February 20, 2024, at 11:00 AM (UTC+8) and from Binance Pay on February 18, 2024, at 11:00 AM (UTC+8). Users should manage any related gift cards or payments before these dates.
Trading Bots Services
Spot Grid and other Trading Bots services for the affected trading pairs will be terminated on February 20, 2024, at 11:00 AM (UTC+8). Users must update and/or cancel their bots before this time to avoid potential losses.
Final Notes and Disclaimer
In case of discrepancies between the English version of this announcement and a translation, the English version shall prevail.
Binance is committed to complying with its regulatory obligations globally. The exchange retains the right to modify or cancel this announcement at its sole discretion without prior notice.
Digital asset investments are inherently volatile and carry significant market risk. You are solely responsible for your investment decisions, and you should only invest in products you are familiar with and understand the associated risks. Consider your investment experience, financial situation, and risk tolerance, and seek independent financial advice if necessary.
Frequently Asked Questions
Why is Binance delisting these tokens?
Binance periodically reviews all listed tokens to ensure they continue to meet a high standard of quality, including factors like development activity, liquidity, network stability, and ethical conduct. A decision to delist is made when a project no longer meets these standards.
What should I do if I still hold one of these tokens?
You can continue to hold them in your Spot Wallet. You must withdraw them from Binance before May 20, 2024, at 11:00 AM (UTC+8), or they may be converted to a stablecoin at an undetermined rate after May 21.
How does this affect my assets in Binance Earn or on Margin?
You must take action before the specified deadlines for each service. Redeem assets from Earn, close loan positions, and transfer assets out of Margin Wallets to avoid automatic liquidation or conversion.
Will the delisting affect the market price of these tokens?
Exchange delistings can significantly impact a token's liquidity and market price. It is important to stay informed and make decisions based on your own research.
Is Monero (XMR) being delisted due to regulatory pressure?
Binance does not disclose the specific reasons for each delisting decision. The action is based on a comprehensive review against its internal listing criteria.
Where can I track the latest updates on this delisting?
All official updates will be posted on the Binance Announcement page. Always refer to the English version for the most accurate information.