Binance To Delist These 4 Crypto Raising Price Dip Concerns
The post Binance To Delist These 4 Crypto Raising Price Dip Concerns appeared on BitcoinEthereumNews.com.
In a riveting turn of events, leading cryptocurrency exchange Binance announced plans to delist four crypto on Wednesday, raising eyebrows among market participants globally. The digital asset exchange highlighted plans to delist the Rupiah Token, Keep3rV1, Ooki Protocol, and Unifi Protocol DAO cryptocurrencies shortly ahead. Simultaneously, IDRT, KP3R, OOKI, and UNFI prices slipped 0.5%-46% in tandem with the announcement. Market enthusiasts speculate whether the coins’ prices could witness further dips in light of the discontinued support by one of the leading cryptocurrency exchanges. Binance To Delist IDRT, KP3R, OOKI, and UNFI Raising Market Concerns According to an official Binance release dated October 23, the cryptocurrency exchange giant will delist IDRT, KP3R, OOKI, and UNFI crypto on November 6. “The exact trading pairs being removed are: KP3R/USDT, OOKI/USDT, UNFI/BTC, UNFI/TRY, UNFI/USDT, USDT/IDRT,” the announcement spotlighted. Notably, the exchange will cease trading and remove all trade orders in each respective trading pair on the mentioned date. This implies that the aforementioned tokens’ valuation will not be available in users’ wallets after the delisting process concludes. Also, the exchange clarified that deposits of these tokens will not be credited to any user’s account after November 7. Simultaneously, withdrawals for the same will not be supported by the exchange after February 6, 2025, starting 03:00 UTC. The usual stablecoin conversion process may be applied after February 7, the next year, for a seamless delisting process for users. However, the announcement clarified that this mover is still not guaranteed, and the digital asset trading platform will notify its users if this were to happen. Simultaneously, Binance Simple Earn will delist the four tokens after November 4 this year, per the announcement. Moreover, the UNFIUSDT USD-Margined perpetual contract will cease as of October 30 at 09:00 UTC. The cryptocurrency exchange also announced discontinued support for KP3R,…
Filed under: News - @ October 23, 2024 11:26 am