Binance to Swap Delisted Cryptos for USDC — Users to act Fast to Withdraw Before the Deadline
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Binance to Swap Delisted Cryptos for USDC — Users to act Fast to Withdraw Before the Deadline
Binance to Convert Delisted Tokens to USDC — What You Need to Know
On Monday, Binance revealed plans to convert several delisted tokens into USDC, its stablecoin. Here’s the scoop:
Key Details:
- Snapshot Date: Binance will capture token balances as of September 2, 2024, 00:00 UTC.
- Affected Tokens: 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), and Tribe (TRIBE) will all be converted.
- Conversion Timeline: The process will span from September 2, 2024, to March 1, 2025. The conversion rate will be based on the average exchange rate during this period.
Action Required:
- Withdraw by September 1: Users must withdraw any affected tokens by September 1, 2024, at 23:59 UTC. After this deadline, withdrawals for these tokens will be disabled, and you won’t be able to transfer them to external wallets.
Additional Info:
- Visibility: During the conversion period, affected tokens will not appear in user wallets.
- Notifications: Binance will email users with details about average exchange rates and completion of the conversion process.
What are your thoughts on Binance’s move to convert delisted tokens into USDC? Share your opinions in the comments below!
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