Binance has announced a significant shift for users in the United Arab Emirates as it transitions accounts to Binance Dubai (FZE), a locally regulated exchange under the Virtual Assets Regulatory Authority (VARA). As part of this migration, privacy tokens and non-AED fiat currencies will no longer be supported starting April 25, 2025.
Privacy Tokens to Be Delisted
To align with VARA’s regulatory framework, Binance FZE will cease support for the following privacy-focused assets:
DASH (Dash)
DCR (Decred)
ZEC (Zcash)
XMRUSDT perpetual contracts (Monero) – Spot trading was already delisted in February 2024
Unsupported Fiat Currencies
Due to operational constraints, Binance Dubai will also stop support for the following non-AED fiat currencies:
AUD, ARS, BRL, GBP, COP, CZK, EUR, JPY, PLN, MXN, RON, ZAR, TRY, UAH.
Only AED, USD, and BHD will remain available for card-based crypto purchases.
Key Migration Timeline
April 25, 2025 (UTC): Trading and deposits for affected tokens and currencies will cease.
June 5, 2025: Recurring convert orders will be cancelled.
June 8, 2025 (UTC): Withdrawals of privacy tokens end, open orders are cancelled, and final auto-conversion to USDT will begin.
What Users Should Do
Trade, convert, or withdraw affected tokens before migration.
Close positions and bots tied to affected assets.
Repay loans using any delisted assets.
Stop mining operations tied to DASH and ZEC before June 8.
Impacted Binance Services
Service | Action |
|---|---|
Spot & Convert | Trading halts on April 25; orders canceled June 8 |
Margin & Futures | Position closure and settlement on June 8 |
Simple Earn | No new subscriptions; redemption to Spot Wallets after June 8 |
Loans | No new borrowing post-migration; full closure on June 8 |
Mining | ZEC & DASH mining income to cease; auto-converted to USDT post-June 8 |
Binance’s Regulatory Commitment
This update reflects Binance’s strategy to operate under strict regulatory compliance in the UAE. The move aligns Binance FZE with VARA standards, marking a new chapter of localized, compliant digital asset trading in the Gulf region.
For users, the key takeaway is to act before June 8 to avoid forced liquidation or unwanted conversions. Binance encourages all Dubai-based traders to review their portfolio holdings and prepare accordingly.
