VGX Token

ForTube

Ellipsis

Loom Network

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
Major crypto exchange <a href="https://u.today/binance-to-temporarily-suspend-withdrawals-on-bnb-chain-on-this-date-heres-why">Binance</a> has announced it will be delisting a few crypto assets from its platform. The recent delisting, numbering six, includes the following crypto assets: PowerPool (CVP), Ellipsis (EPX), ForTube (FOR), Loom Network (LOOM), Reef (REEF) and VGX Token (VGX).
<blockquote>
 Binance will delist CVP, EPX, FOR, LOOM, REEF, and VGX.More information ➡️ <a href="https://t.co/yuvuZdOpK4">https://t.co/yuvuZdOpK4</a> <a href="https://t.co/r4ORUZdX7b">pic.twitter.com/r4ORUZdX7b</a>— Binance (@binance) <a href="https://twitter.com/binance/status/1823147502234665424?ref_src=twsrc%5Etfw">August 13, 2024</a>
</blockquote> 
Binance <a href="https://x.com/binance/status/1823147502234665424">stated</a> that based on its most recent reviews, it has decided to delist and cease trading on all spot trading pairs for the aforementioned tokens on Aug. 26, 2024, at 3:00 a.m. (UTC).
The exact trading pairs being removed are CVP/USDT, EPX/USDT, FOR/BTC, FOR/USDT, LOOM/BTC, LOOM/TRY, LOOM/USDT, REEF/TRY, REEF/USDT and VGX/USDT.
<h2 id="dates-to-consider">Dates to consider</h2>
The delisting of the CVP, EPX, FOR, LOOM, REEF and VGX pairs will be undertaken on different dates across Binance's platforms.
As stated in a <a href="https://www.binance.com/en/support/announcement/binance-will-delist-cvp-epx-for-loom-reef-vgx-on-2024-08-26-e2fcd2c945654c8d832395335429403e?hl=en">blog post</a>, deposits of the aforementioned tokens will cease after Aug. 27 at 3:00 a.m. (UTC). Withdrawals of these tokens from Binance will not be supported after Nov. 26, 2024, at 3:00 a.m. (UTC), in which they may be converted into stablecoins on behalf of users after Nov. 27 at 3:00 a.m. (UTC).
Binance Auto Invest and Binance Simple Earn will delist the tokens on Aug. 20 and 22, respectively, at 3:00 a.m. (UTC). On Aug. 20 at 3:00 a.m. (UTC), LOOM, REEF of Binance Loans (Flexible and Stable Rates) &nbsp;and EPX, LOOM, REEF of VIP Loan will close all outstanding loan positions for the aforementioned tokens as loanable and collateral tokens.
On Aug. 19 at 6:00 a.m. (UTC), Binance Funding Rate Arbitrage Bot will close all arbitrage strategies and conduct an automatic settlement on the LOOM/USDT, REEF/USDT symbol.
Binance Margin will delist CVP, EPX, FOR, LOOM and REEF from Cross and Isolated Margin on Aug. 20 at 6:00 a.m. (UTC). The CVP/USDT, EPX/USDT, FOR/USDT, LOOM/BTC, LOOM/USDT and REEF/USDT cross and isolated margin pairs will be removed from the Margin.
Binance Convert will subsequently delist the tokens and all associated pairs on Aug. 26 at 2:00 a.m. (UTC), while Binance Buy and Sell Crypto will do the same on Aug. 21 at 3:00 a.m. (UTC).
Binance Gift Card will delist the tokens mentioned above on Aug. 26, while Binance Pay will undertake this action on Aug. 21 at 3:00 a.m. (UTC). Binance will terminate Trading Bots services for the spot trading pairs of the named tokens on Aug. 26 at 3:00 a.m. (UTC).
Amid the delisting, the USDⓈ-M LOOMUSDT and REEFUSDT Perpetual Contracts trading remain unaffected, and users may continue trading.

Binance Announces New Crypto Delistings: Details

Table of Contents

U_Today

Other articles published on Aug 13, 2024

XRP: On the Path to a Spot ETF?

ZAN and Mysten Labs Partner to Advance Web3 Infrastructure Development

Financial Leaders Highlight Fed’s Interest Rate Policy Amid Recession Concerns

Bitcoin needs to breach $70K, ETH $4K, for altseason start — Arthur Hayes

Solana (SOL) Bounces: $150 Lies Ahead, Will Ethereum (ETH) Face Death Cross? Two Key Bitcoin (BTC...

BlockDAG's $1 Projection: A Top Crypto to Watch Alongside Polkadot, Chainlink, and NEAR Protocol

Join our free newsletter for daily crypto updates!