By October 29, Binance users must withdraw tokens delisted from the platform, or they will be automatically converted into the stablecoin USDC.
The affected coins include:
- Vai (VAI);
- Tornado Cash (TORN);
- OMG Network (OMG);
- Waves (WAVES);
- NEM (XEM);
- BarnBridge (BOND);
- Dock (DOCK);
- Mdex (MDX);
- Polkastarter (POLS);
- Pundi X PURSE (PURSE).
If conversion occurs, the equivalent amount in USDC will be credited to accounts by April 28, 2025.
The exchange will send additional emails to all affected users.
Simultaneously, Binance released a proof of reserves report, indicating that client deposits, represented in major digital assets, remain overcollateralized.
Earlier, the trading platform announced the conversion of other delisted crypto assets, including Monero, Multichain, Bitcoin Gold, and several others. The deadline for their withdrawal was September 1.
In early 2023, Binance classified privacy-focused coins Zcash and Monero as high-risk crypto assets.
On February 20, the platform delisted XMR along with MULTI from its trading instruments.