Binance to Support Render (RNDR) Token Swap and Rebranding to Render (RENDER)

Binance,
a
leading
cryptocurrency
exchange,
has
announced
its
support
for
the
Render
(RNDR)
token
swap
and
rebranding
to
Render
(RENDER).
According
to
an
official
announcement,
the
transition
will
involve
delisting
existing
RNDR
spot
trading
pairs
and
introducing
new
RENDER
trading
pairs.

Details
of
the
Token
Swap

The
token
swap
will
commence
on
July
22,
2024,
at
03:00
(UTC).
Binance
will
delist
all
existing
RNDR
spot
trading
pairs,
including
RNDR/BTC,
RNDR/USDT,
RNDR/FDUSD,
RNDR/USDC,
RNDR/TRY,
RNDR/EUR,
and
RNDR/BRL.
All
pending
RNDR
spot
trading
orders
will
be
canceled
at
this
time.

On
July
26,
2024,
at
08:00
(UTC),
Binance
will
open
trading
for
the
new
RENDER
pairs:
RENDER/BTC,
RENDER/USDT,
RENDER/FDUSD,
RENDER/USDC,
RENDER/TRY,
RENDER/EUR,
and
RENDER/BRL.

Impact
on
Users

Deposits
and
withdrawals
of
RNDR
will
be
suspended
starting
July
22,
2024,
at
03:30
(UTC).
Binance
advises
users
to
ensure
their
RNDR
deposits
are
fully
processed
before
this
time.
After
the
swap
event
is
completed,
RNDR
deposits
and
withdrawals
will
no
longer
be
supported.

Binance
will
manage
all
technical
requirements
for
users
involved
in
the
event.
Users
can
refer
to
the

announcement
from
the
project
team
for
more
information.

Spot,
Futures,
and
Margin
Trading

Binance
will
cease
trading
on
all
RNDR
spot
trading
pairs
on
July
22,
2024,
at
03:00
(UTC).
All
trade
orders
will
be
automatically
removed,
and
Trading
Bots
services
for
the
affected
pairs
will
be
terminated.
Users
are
advised
to
update
or
cancel
their
Trading
Bots
before
the
cessation
to
avoid
potential
losses.
Spot
Copy
Trading
will
also
delist
the
pairs
on
July
21,
2024,
at
03:00
(UTC).

For
futures
trading,
Binance
will
close
all
positions
and
conduct
automatic
settlements
on
RNDRUSDT
USDⓈ-M
Perpetual
Contracts
on
July
16,
2024,
at
09:00
(UTC).
Users
are
advised
to
close
any
open
positions
before
this
time
to
avoid
automatic
settlement.

Margin
trading
will
also
be
affected,
with
RNDR/BTC,
RNDR/USDC,
and
RNDR/USDT
cross
margin
pairs,
and
RNDR/BTC
and
RNDR/USDT
isolated
margin
pairs
being
delisted
on
July
17,
2024,
at
06:00
(UTC).
Users
are
advised
to
close
their
positions
and
transfer
assets
from
Margin
Wallet
to
Spot
Wallet
before
the
cessation
to
avoid
potential
losses.

Other
Services

Binance
Loans
will
close
all
outstanding
loan
positions
for
RNDR
from
July
17,
2024,
at
03:00
(UTC).
Users
are
advised
to
repay
their
outstanding
RNDR
loans
before
this
time
to
avoid
potential
losses.
Binance
Simple
Earn
will
cease
support
for
RNDR
Simple
Earn
Flexible
Products
from
July
19,
2024,
at
03:00
(UTC),
and
existing
subscriptions
will
be
automatically
redeemed
and
credited
to
users’
Spot
Wallets.

Binance
will
assist
impacted
users
by
resubscribing
for
RENDER
Flexible
Product
according
to
the
swap
ratio
after
the
event
is
completed.

For
more
details,
users
can
read
the
official
announcement
on

Binance.

Image
source:
Shutterstock