This is a general announcement and marketing communication. Products and services referred to here may not be available in your region.

Fellow Binancians,

Binance will support the BinaryX (BNX) token swap and rebranding to Four (FORM).

General

  • Trading

    • At 2025-03-18 03:00 (UTC), Binance will remove all existing BNX spot trading pairs (i.e., BNX/USDC, BNX/USDT, and BNX/TRY) and cancel all pending BNX spot trading orders. At 2025-03-21 13:00 (UTC), Binance will open trading for the FORM/USDC, FORM/USDT, and FORM/TRY trading pairs.

  • Deposits and Withdrawals

    • At 2025-03-18 03:30 (UTC), deposits and withdrawals of BNX tokens will be suspended. Users should ensure that they leave sufficient time for their BNX token deposits to be fully processed prior to this time. 

    • Deposits of FORM tokens will be opened at 2025-03-21 12:00 (UTC).

    • Binance will make a separate announcement after the event is completed to notify users when withdrawals of FORM tokens have opened.

    • After the event is complete, deposits and withdrawals of BNX tokens will no longer be supported.

  • Binance will handle all technical requirements for users who are involved in this event.

Token Swap and Rebranding

  • BNX tokens will assume the ticker of FORM on Binance. 

  • All BNX tokens will be swapped to FORM at a ratio of 1 BNX = 1 FORM.

Spot

  • At 2025-03-18 03:00 (UTC), Binance will remove and cease trading on all spot trading pairs for BNX. 

  • The exact trading pairs being removed are: BNX/USDC, BNX/USDT, and BNX/TRY.

  • All trade orders will be automatically removed after trading ceases in each respective trading pair.

  • Binance will remove Trading Bots services for the aforementioned spot trading pairs at 2025-03-18 03:00 (UTC), where applicable. Users are strongly advised to update and/or cancel their Trading Bots prior to the removal of Trading Bots services to avoid any potential losses.

  • Binance Spot Copy Trading will remove the aforementioned spot trading pairs on 2025-03-17 03:00 (UTC). After this time, any outstanding assets will be force-sold at market price or moved to the Spot Account if the amount is unsellable. Users are strongly advised to update or cancel their Spot Copy Trading portfolios prior to 2025-03-17 03:00 (UTC) to avoid potential losses.

  • Binance will open trading for the FORM/USDC, FORM/USDT, and FORM/TRY trading pairs at 2025-03-21 13:00 (UTC).

Futures

  • Binance Futures will close all positions and conduct an automatic settlement on the BNXUSDT USDⓈ-M Perpetual Contract at 2025-03-17 09:00 (UTC). The contract will be removed after the settlement is complete. Users are advised to close any open positions prior to the settlement time to avoid automatic settlement. Users are not allowed to open new positions for the aforementioned contract(s) starting from 2025-03-17 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 BNXUSDT USDⓈ-M Perpetual Contract without further announcements, 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. A separate announcement will be made for relisting.

  • At 2025-03-14 10:00 (UTC), Binance Funding Rate Arbitrage Bot will close all arbitrage strategies and conduct an automatic settlement on the BNX symbol.

Margin

  • Binance Margin will remove BNX from Cross and Isolated Margin at 2025-03-14 11:00 (UTC). The BNX/USDT and BNX/USDC Cross and Isolated Margin pair(s) will be removed from Margin. Effective immediately, users will no longer be able to transfer any amount of the aforementioned token(s) via manual transfers and Auto-Transfer Mode for Cross and Isolated Margin into their Margin Accounts. If users hold outstanding liabilities of said tokens, these users may only manually transfer up to the amount of liabilities of that token into their Margin Accounts, less any collateral already available.

    • At 2025-02-27 06:00 (UTC), Binance Margin will suspend Isolated Margin borrowings on the aforementioned Isolated Margin pair(s). At 2025-03-14 11:00 (UTC), Binance Margin will close users’ positions, conduct an automatic settlement, and cancel all pending orders on the aforementioned Isolated Margin pair(s), which will then be removed from Isolated Margin.

    • At 2025-02-27 06:00 (UTC), Binance Margin will suspend Cross Margin borrowings on the aforementioned token(s). At 2025-03-14 11:00 (UTC), if users hold both collateral and liabilities of the aforementioned token(s), the collateral will be used to repay the respective liabilities. If there are remaining collateral or liabilities of the aforementioned token(s), one of two options below will occur:

      • If users only hold the aforementioned token(s) in the form of collateral: 

        • If the Collateral Margin Level (CML) is above 2, the aforementioned token(s) will be transferred to users’ Spot Accounts, up to the point when the CML reaches 2. The remaining tokens in their Cross Margin Accounts that are to be removed will then be fully sold. 

        • If the CML is below 2, the remaining tokens in users’ Cross Margin Accounts that are to be removed will be fully sold. 

      • If users only hold the aforementioned token(s) in the form of liabilities:

        • If CML is at or above 2, pending orders will not be affected. 

        • If the CML is below 2, all pending orders in their Cross Margin Accounts will be canceled. 

        • The system will then sell other collateral tokens to buy and fully repay the aforementioned token(s)’ liabilities.

  • Please note that users will not be able to update their positions during the removal process, and they are strongly advised to close their positions and/or transfer their assets from Margin Accounts to Spot Accounts prior to the cessation of margin trading at 2025-03-14 11:00 (UTC). Binance will not be responsible for any potential losses.

  • Portfolio Margin users are advised to transfer the aforementioned token(s) out of their Margin Accounts to their Spot Accounts and to top up their margin balance before 2025-03-14 11:00 (UTC) where applicable. Users should monitor the Unified Maintenance Margin Ratio (uniMMR) closely to avoid any potential liquidation that may result from the removal of the aforementioned token(s) from the Margin Account. Refer to this FAQ for more information on how any remaining balances of the aforementioned token(s) in Portfolio Margin users’ Margin Accounts will be treated.

  • A separate announcement will be made for relisting.

Loans

  • At 2025-03-13 03:00 (UTC), Binance Loans (Flexible Rates) and VIP Loan will close all outstanding loan positions for BNX (both loanable tokens and collateral tokens will be closed). Users are strongly advised to repay their outstanding BNX loans before 2025-03-13 03:00 (UTC) to avoid any potential losses.

Simple Earn

  • From 2025-03-17 03:00 (UTC), Binance Simple Earn will cease support for BNX Simple Earn Flexible Products. Subscriptions will no longer be available. 

  • From 2025-03-17 03:00 (UTC), all remaining BNX Flexible Products positions, together with any accrued rewards, will be automatically redeemed to users’ Spot Accounts. Users can choose to redeem their assets from BNX Simple Earn Flexible Products anytime beforehand.

  • After the token swap, Binance Simple Earn will resubscribe the converted FORM assets for Flexible Products for impacted users, according to the above swap ratio after the event is complete.

Binance Pay

  • At 2025-03-14 03:00 (UTC), Binance will remove BNX from the list of supported cryptocurrencies on Binance Pay.

Gift Card

  • At 2025-03-18 03:00 (UTC), Binance will no longer support the creation of BNX Gift Cards.

    • Users may proceed to redeem any unredeemed BNX Gift Cards for BNX tokens before 2025-03-18 03:00 (UTC)

Convert

  • Binance Convert will remove BNX and all associated pairs at 2025-03-18 02:00 (UTC).

Auto-Invest

  • Binance Auto-Invest will remove BNX after 2025-03-15 11:00 (UTC). Users may choose to remove the plan(s) beforehand. Otherwise, the next recurring cycle of the aforementioned token(s) will fail.

Convert Low-Value Assets 

  • Convert Low-Value Assets will remove BNX at 2025-03-17 02:00 (UTC). Users may choose to convert the low-value assets beforehand. 

Buy & Sell Crypto

  • At 2025-03-12 11:00 (UTC), Buy & Sell Crypto will remove BNX and all associated pairs.

Note: 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.

Thank you for your support!

Binance Team

2025-02-26

Note: This announcement was updated on 2025-02-26 to adjust the BNX removal dates for Auto-Invest and Convert Low-Value Assets to 2025-03-15 11:00 (UTC) and 2025-03-17 02:00 (UTC) respectively.

USDC is an e-money token issued by Circle Internet Financial Europe SAS (https://www.circle.com/). USDC’s whitepaper is available here. You may contact Circle using the following contact information: +33(1)59000130 and [email protected]. 

Holders of USDC have a legal claim against Circle SAS as the EU issuer of USDC. These holders are entitled to request redemption of their USDC from Circle SAS. Such redemption will be made at any time and at par value.