On February 24, trading pairs with 4 altcoins will disappear from the platform:
✅AirDAO (AMB)
✅CLV (CLV)
✅StormX (STMX)
✅VITE (VITE).
As soon as this became known, the listed altcoins dropped in price significantly. The worst hit was the VITE token, whose value fell by 30%. AirDAO, CLV, and STMX quotes fell by 13%, 6%, and 11%, respectively
In addition, users are required to close all trading orders for AMB, CLV, STMX, and VITE by February 24. Otherwise, they will be forcibly removed.
Starting from February 25, Binance will stop accepting deposits in the tokens selected for delisting. Withdrawals will be available until April 24. After this date, they will be converted into stablecoins. The crypto exchange team has announced that it will remove perpetual contracts for AMB and STMX from February 21.
The exchange regularly checks the performance of trading pairs presented on the platform and analyzes several factors before announcing delisting, including the level of cryptocurrency development activity, network stability, and smart contracts.
