Binance to Convert Delisted Tokens to USDC by March 2025
Binance,
a
leading
cryptocurrency
exchange,
has
announced
a
significant
update
regarding
the
conversion
of
certain
delisted
tokens
to
USD
Coin
(USDC).
According
to
Binance,
the
conversion
will
be
based
on
users’
holdings
in
their
Binance
wallets
as
of
September
2,
2024,
at
00:00
UTC.
Details
of
the
Conversion
The
conversion
process
will
be
executed
using
the
average
token-to-USDC
exchange
rate
between
September
2,
2024,
and
March
1,
2025.
The
equivalent
amount
of
USDC
will
be
credited
to
users’
Binance
wallets
by
March
1,
2025,
at
23:59
UTC.
Users
are
advised
to
withdraw
the
airdropped
or
delisted
tokens
before
September
1,
2024,
at
23:59
UTC,
after
which
withdrawals
will
no
longer
be
supported.
List
of
Impacted
Tokens
While
the
specific
tokens
affected
have
not
been
detailed
in
the
announcement,
users
holding
any
of
these
tokens
will
receive
an
email
notification
by
August
19,
2024,
at
23:59
UTC.
It
is
crucial
to
note
that
deposits
of
these
tokens
are
no
longer
supported
and
will
not
be
credited
to
users’
accounts.
Important
Notes
-
Withdrawals
of
the
impacted
tokens
will
be
supported
until
September
1,
2024,
subject
to
network
conditions
and
availability.
Post
this
date,
users
will
not
be
able
to
transfer
these
tokens
from
their
Binance
accounts
to
any
external
wallets. -
During
the
conversion
period,
users
will
not
be
able
to
view
the
impacted
tokens
in
their
Binance
wallets. -
There
may
be
discrepancies
in
the
translated
version
of
this
announcement.
Binance
advises
users
to
refer
to
the
original
English
version
for
the
most
accurate
information.
This
move
follows
Binance’s
ongoing
efforts
to
streamline
its
token
offerings
and
enhance
user
experience
by
converting
lesser-used
tokens
into
more
stable
and
widely
accepted
cryptocurrencies
like
USDC.
Binance
reserves
the
right
to
amend
or
cancel
this
announcement
at
any
time
without
prior
notice.
Users
are
encouraged
to
stay
updated
by
checking
the
official
Binance
announcements
regularly.
Digital
asset
prices
are
subject
to
high
market
risk
and
price
volatility.
Users
are
advised
to
carefully
consider
their
investment
experience,
financial
situation,
investment
objectives,
and
risk
tolerance
and
consult
an
independent
financial
adviser
prior
to
making
any
investment
decisions.
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source:
Shutterstock
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