This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
At Binance FZE, we periodically review each digital asset we list to ensure that it continues to meet a high level of standard and industry requirements. When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it. Our priority is to ensure the best services and protections for our users while continuing to adapt to evolving market dynamics.
When we conduct these reviews, we consider a variety of factors. Here are some that drive whether we decide to delist a digital asset:
Commitment of team to project
Level and quality of development activity
Trading volume and liquidity
Stability and safety of network from attacks
Network / smart contract stability
Level of public communication
Responsiveness to our periodic due diligence requests
Evidence of unethical/fraudulent conduct or negligence
New regulatory requirements
Contribution to a healthy and sustainable crypto ecosystem
Based on our most recent reviews, we have decided to delist and cease trading on all spot trading pairs for the following token(s) at 2024-11-06 03:00 (UTC):
Please note:
The exact trading pairs being removed are: UNFI/BTC, UNFI/USDT
All trade orders will be automatically removed after trading ceases in each respective trading pair.
The token's valuation will no longer be displayed in your wallet after delisting. To view your assets after trading ceases, please ensure you have not selected “Hide Small Balances” in all of your wallets.
Deposits of these token(s) after 2024-11-07 03:00 (UTC) will not be credited to your account.
Withdrawals of these token(s) from Binance will not be supported after 2025-02-06 03:00 (UTC).
Delisted tokens MAY be converted into stablecoins on behalf of users after 2025-02-07 03:00 (UTC). Please note that the conversion of delisted tokens into stablecoins is NOT guaranteed. A separate notification will be made before the conversion where applicable, and the stablecoins will be credited to users’ Binance accounts after the conversion.
Binance Futures will close all positions and conduct an automatic settlement on the UNFIUSDT USDⓈ-M Perpetual Contract at 2024-10-30 09:00 (UTC). The contracts will be delisted after the settlement is complete. Users are advised to close any open positions prior to the delisting time to avoid automatic settlement. Users are not allowed to open new positions for the aforementioned contracts starting from 2024-10-30 08:30 (UTC). In order to protect users and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the UNFIUSDT USDⓈ-M Perpetual Contract without further announcement, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates, such as the interest rate, premium and capped funding rate, changing the constituents of the price index, and using the Last Price Protected mechanism to update the Mark Price.
Convert Low-Value Assets will delist the token(s) mentioned above at 2024-11-05 02:00 (UTC). Users may choose to convert the low-value assets beforehand.
There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
We thank you for your support as we continue to build the crypto ecosystem in a way that promotes transparency and long-term, sustainable growth.
Thank you for your support!
Binance Team
2024-10-23
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: In compliance with MiCA requirements, from 2024-06-30, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click here.
As with any asset, the value of Virtual Assets can fluctuate significantly and there is a material risk of economic loss when buying, selling, holding or investing in Virtual Assets. You should therefore consider whether trading or holding Virtual Assets is suitable for you in light of your financial circumstances. It is important that you fully understand the risks involved before making a decision to trade on Binance. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Not financial advice. . For more information, see our Terms of Use and Risk Warning.
