Binance Delists These 4 Altcoins! Prices Crashed

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Binance, a leading cryptocurrency exchange, has decided to delist four tokens: BitShares (BTS), PERL.eco (PERL), Tornado Cash (TORN) and Waltonchain (WTC). This move follows a rigorous review process that took into account factors such as team commitment, development activity, transaction volume and network stability. Here are the details…

Binance delists 4 altcoins

Trading pairs associated with these tokens, including BTS/USDT, PERL/USDT, TORN/BUSD, WTC/BTC and WTC/USDT, are scheduled to cease trading at 06:00 UTC on December 7, 2023. Users are advised to pay attention to certain details regarding the removal of trading orders and the management of assets after delisting. As expected, the delisted tokens saw a huge decline following the announcement.

  • Bitshares (BTS): It is trading at $0.008, down 23.5 percent.
  • PERL.eco (PERL): It is trading at $0.011, down 34.5 percent.
  • Tornado Cash (TORN): It is trading at $2.33, a decline of 33 percent.
  • Waltonchain (WTC): It is trading at $0.12, down 20 percent.

These significant 24-hour price drops show the after-effects of Binance’s decision to delist these tokens. These tokens will not be deposited on the exchange after December 8, 2023. Withdrawal after March 7, 2024 will not be supported. According to Binance statement, users will encounter a separate notification before the conversion. Delisted assets of users who have not taken any action on their tokens may be converted to stablecoins after March 7, 2024.

Details of the announcement: Important dates

Also Binance; He also pointed out the changes in Simple Earn, Binance Loans, Binance Gift Card, Binance Pay and Trading Bots services regarding the delisted coins.

  • Binance Simple Earn: The tokens mentioned above will be delisted from Simple Earn after December 5, 2023, 09:00 UTC. Users therefore have the option to choose to exercise their positions in advance. Otherwise, these flexible product positions will be automatically redeemed at the time specified above. It will then be transferred to users’ spot wallets.
  • Binance Loans: On December 4, 2023 at 06:00 UTC, Binance Credits (Flexible and Fixed Rates) and VIP Credit will close all outstanding credit positions for the above-mentioned tokens. Users are strongly advised to repay their outstanding loans before this date to avoid possible losses, if any.
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  • Binance Gift Card: It will delist the tokens on December 7, 2023 at 06:00 UTC. Users are encouraged to pre-manage Gift Cards containing these tokens to avoid any inconvenience.
  • Binance Pay: This service will delist the above-mentioned tokens on December 7, 2023 at 06:00 UTC.
  • Trading Bots: Binance will discontinue Trading Bots services for the above-mentioned spot trading pairs on December 7, 2023. Users are strongly advised to update and/or cancel their Trading Bots before discontinuation of Trading Bots services to avoid possible losses.

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