$VIB Coin (VIB) to Be Delisted from Binance on May 2, 2025
Vib Coin (VIB) is scheduled to be delisted from the cryptocurrency exchange Binance on May 2, 2025, at 03:00 (UTC). The delisting will affect all spot trading pairs for VIB.
Binance's decision to delist VIB is a result of its periodic review of listed digital assets. The exchange stated that VIB no longer meets its high standards and industry requirements.
According to Binance's official announcement and subsequent reports, the factors that led to the delisting include:
* Non-compliance with listing standards: VIB was found to be non-compliant with the standards set by Binance for listed tokens.
* Declining trading volumes and liquidity: The token experienced a decrease in trading activity and liquidity on the platform.
* Commitment of the team towards the project: Binance evaluated the project team's dedication and progress.
* Level and quality of development activity: The development activity related to the VIB project was assessed.
* Stability and safety of the network: The stability and security of the VIB network were taken into consideration.
* Level of public communication, community engagement, and transparency: The project's communication with its community and overall transparency were reviewed.
* Responsiveness to periodic due diligence requests: The project's responsiveness to Binance's requests for information as part of their due diligence process was a factor.
Binance emphasized that its priority is to ensure the best services and protections for its users and to adapt to evolving market dynamics. The delisting of VIB is part of this ongoing effort to maintain a high-quality trading environment.
Users holding VIB on Binance are advised to manage their positions accordingly before the delisting date. Deposits of VIB will not be credited after May 3, 2025, at 03:00 (UTC), and withdrawals will not be supported after July 4, 2025, at 03:00 (UTC). Binance may convert remaining VIB balances into stablecoins after July 5, 2025, at 03:00 (UTC), although this is not guaranteed.
