The option to withdraw Monero, Multichain, Bitcoin Gold, and several other cryptocurrencies removed from Binance’s listing will remain available until September 1, 2024, announced the exchange.
After this deadline, the platform will take a snapshot of the relevant user balances and convert the assets into the stablecoin USDC. Equivalent amounts will be credited to wallets by March 1, 2025.
The full list of affected tokens includes:
- Bitcoin Gold (BTG);
- Bitcoin Standard Hashrate Token (BTCST);
- Bitshares (BTS);
- District0x (DNT);
- Groestlcoin (GRS);
- Hegic (HEGIC);
- MobileCoin (MOB);
- Monero (XMR);
- Monetha (MTH);
- Multichain (MULTI);
- Navcoin (NAV);
- Sologenic (SOLO);
- Spartan Protocol (SPARTA);
- Symbol (XYM);
- Tribe (TRIBE).
Binance no longer supports deposits in the aforementioned tokens.
During the conversion period, users will not be able to view assets in their wallets. The exchange will notify users individually via email about the USDC transfer.
Binance also announced the delisting of the following cryptocurrencies from August 26:
- PowerPool (CVP);
- Ellipsis (EPX);
- ForTube (FOR);
- Loom Network (LOOM);
- Reef (REEF);
- VGX Token (VGX);
After this date, it will not be possible to deposit these tokens into any exchange wallets. Withdrawals will remain available until November 27.
Earlier this year, Binance categorized privacy-focused coins Zcash and Monero as high-risk crypto assets.
On February 20, the platform removed XMR and MULTI from its list of tradable instruments.