Binance to delist five cryptocurrencies in routine compliance review

0
16

GistReel

Binance, the world’s largest cryptocurrency exchange, has announced the delisting of five digital assets following a routine assessment of their adherence to industry standards.

In a statement, Binance revealed that Aergo (AERGO), AirSwap (AST), BurgerCities (BURGER), COMBO (COMBO), and Linear Finance (LINA) will be removed from all spot trading pairs starting March 28, 2025, at 3:00 a.m. UTC.

Reasons behind the delisting

The exchange explained that the decision was based on multiple factors, including trading volume, liquidity, security, compliance with regulatory requirements, and the commitment of project teams. Binance emphasized that maintaining a transparent and secure trading environment remains a priority.

“These projects no longer meet the platform’s listing requirements,” Binance noted in its internal review, reinforcing its commitment to aligning listed assets with evolving industry standards.

Impact on users and key delisting details

Binance provided guidelines to help affected users manage their portfolios before the delisting deadline:

Binance Futures: Open positions for AERGO, LINA, and COMBO will be automatically closed and settled on March 27, 2025, at 9:00 a.m. UTC.
Binance Simple Earn & Investment Products: The affected tokens will no longer be available on these services after March 27, 2025.
Binance Convert & Trading Bots: Support for these tokens will be discontinued by March 28, 2025.

In some cases, Binance may convert delisted tokens into stablecoins on behalf of users, but only if an official announcement is made regarding such conversions.

Future delisting measures

Looking ahead, Binance has revealed plans to introduce a Vote to Delist feature, which will allow the public to propose assets for removal. However, the tokens mentioned in this announcement will not be eligible for this process.

Users holding the affected assets are advised to take appropriate action before the delisting deadline to avoid disruptions to their trading and investment activities.

Leave a reply