Binance to Remove Four Altcoins from Platform on November 6, 2024
Date: 2024-10-24 Author: Gabriel Deangelo Categories: BUSINESS
Starting November 6, 2024, trading of Rupiah Token (IDRT), Keep3rV1 (KP3R), Ooki Protocol (OOKI), and Unifi Protocol DAO (UNFI) tokens will be stopped. This decision is made as part of the exchange's commitment to providing its users with the best service.
Trading Halt and Withdrawals
Trading of the listed altcoins will end on November 6, 2024. Users will be able to withdraw their tokens from the exchange until February 7, 2025, after which this option will be closed. Binance also clarified that it is possible to convert the removed altcoins into stablecoins, but this is not guaranteed.
Additionally, Binance Futures and Margin trading for these tokens will also be suspended. The last day for cross and isolated margin trading is set for October 31, 2024. Users are advised to close their positions before this date to avoid automatic closure.
Important Notes for Users
Once the altcoins are removed from the platform, users are required to complete all trades on them and withdraw the tokens from their wallets. If they fail to do so, Binance may convert the tokens to stablecoins, but this is not mandatory.
In addition, automated investment programs and arbitrage bots for these altcoins will also be disabled. Users should take steps to avoid potential losses associated with these services.
Binance warns of the risks associated with the removal of IDRT, KP3R, OOKI, and UNFI and urges its users to closely monitor their holdings on the platform.
