Alpaca Finance (ALPACA) is indeed facing delisting from Binance, one of the largest cryptocurrency exchanges, due to not meeting the platform's high standards and industry requirements. Here's what's happening ¹:
- *Delisting Date*: ALPACA will be delisted from Binance on May 2, 2025, at 03:00 UTC.
- *Trading Pair Removal*: All spot trading pairs involving ALPACA will be removed, and trade orders will be automatically canceled.
- *Impact on Price*: Despite the delisting news, ALPACA's price surged over 440% after the announcement, likely due to changes in funding rate settlement rules.
*What this means for users:*
- *Withdrawal Support*: Withdrawals of ALPACA tokens from Binance will not be supported after July 4, 2025, at 03:00 UTC.
- *Conversion Option*: Delisted tokens may be converted into stablecoins on behalf of users after July 5, 2025, at 03:00 UTC.
- *Margin and Futures*: Binance Margin and Futures will also delist ALPACA, with positions being closed and automatic settlements conducted.
*Market Reaction:*
The delisting news has led to intense market activity, with some traders profiting from the price volatility. However, others have faced significant losses due to liquidation..$BTC $ETH #BinanceAlphaAlert #AirdropSafetyGuide #Trump100Days #AltcoinETFsPostponed #AirdropStepByStep