Binance will delist ALPACA, PDA, VIB, and WING on 02/05/2025
Dear Binance Users,
At Binance, we regularly review each digital asset we list to ensure it continues to meet high standards and industry requirements. When a crypto or token no longer meets these requirements, or when the market environment changes, we conduct a more in-depth analysis that may lead to its delisting from our platform. Our priority is to provide the best services and protections to our users while continuing to adapt to the evolving market dynamics.
When we conduct these reviews, we consider various factors. Below are the updated indicators we examine that lead us to decide to delist a digital asset:
Team's commitment to the project;
Level and quality of development activity:
Trading volume and liquidity;
Stability and security of the network against attacks;
Level of public communication, community engagement, and transparency
Responsiveness to our regular due diligence requests;
Evidence of unethical/fraudulent conduct or negligence;
New regulatory requirements;
Unjustified significant increase in token supply or changes to tokenomics
Impact of changes to the project's ownership structure or core team members
Community opinion
Following our recent reviews, we have made the decision to delist and suspend trading of all Spot trading pairs involving the following token(s) on 02/05/2025 at 03:00 (UTC):
Alpaca Finance (ALPACA)
PlayDapp (PDA)
Viberate (VIB)
Wing Finance (WING)
Remarks:
The delisting schedule may or may not apply to the listed products below, depending on their association with the delisted tokens.
Spot
The Spot trading pairs of the aforementioned tokens will be removed.
All trading orders will be automatically removed after the trading stop for each respective trading pair.
Binance will cease trading bot services for the aforementioned Spot trading pairs on 02/05/2025 at 03:00 (UTC), if applicable. Users can update and/or cancel their trading bots before the cessation of trading bot services to avoid any potential loss.
Accounts
The valuation of the token will no longer be displayed on users' accounts after delisting. Users should ensure they have deselected the "Hide Small Balances" option on their accounts to be able to view their assets after trading ceases.
Deposits of this/these token(s) will not be credited to users' accounts after 03/05/2025 at 03:00 (UTC).
Withdrawals of this/these token(s) from Binance will no longer be supported after 04/07/2025 at 03:00 (UTC).
Delisted tokens can be converted to stablecoins on behalf of users after 05/07/2025 at 03:00 (UTC). Please note that the conversion of delisted tokens to stablecoins is not guaranteed. A separate notification will be issued before conversion, if applicable, and stablecoins will be credited to users' Binance accounts after conversion.
Funding Rate Arbitrage Bot
On 30/04/2025 at 09:00 (UTC), Binance's funding rate arbitrage bot will close all arbitrage strategies and perform an automatic settlement on the symbols of the aforementioned token(s). The pairs will no longer be available for opening new arbitrage strategies at delisting.
Simple Earn
Binance Simple Earn will delist the aforementioned token(s) after 01/05/2025 at 03:00 (UTC). Users can choose to recover their positions in flexible and locked products in advance. Otherwise, these positions in flexible and locked products will be automatically recovered on the date mentioned above, then transferred to users' Spot wallets, along with any accumulated rewards.
Mining Pool
Binance Pool will stop supporting mining of the aforementioned token(s) on 30/04/2025 at 03:00 (UTC). Your final payment will be settled the following day. Users can stop mining the aforementioned token(s) before Binance Pool ceases to support mining of this/these token(s) to avoid any potential loss.
Loan
On 30/04/2025 at 03:00 (UTC), the VIP loan and flexible loan will close all outstanding loan positions for the aforementioned token(s) as lendable and collateral token(s). Users can repay their outstanding loans before the automatic closure to avoid any potential loss, as applicable.
Binance Margin
Binance Margin will delist the aforementioned token(s) from both cross-margin and isolated margin on 30/04/2025 at 10:00 (UTC) (the "Scheduled Date and Time for Margin Delisting"). The cross-margin and isolated margin pair(s) of the aforementioned token(s) will be removed from margin. Consequently, users will no longer be able to transfer any amount of the aforementioned token(s) through manual transfers and via the automatic transfer mode for cross-margin and isolated margin to their margin accounts. If users have outstanding liabilities in this/these token(s), they can only manually transfer the amount of liabilities in this token to their margin accounts, after deducting any collateral already available.
On 25/04/2025 at 06:00 (UTC), Binance Margin will suspend borrowing on the aforementioned cross-margin token(s) and isolated margin pair(s).
On the scheduled date of the margin delisting, Binance Margin will close users' positions, perform an automatic settlement, and cancel all pending orders on the aforementioned isolated margin pair(s), which will then be removed from isolated margin.
On the scheduled date and time of the margin delisting, if users hold both collateral and liabilities related to the aforementioned token(s) on cross-margin, the collateral will be used to repay the corresponding liabilities. If there are remaining collateral or liabilities related to the aforementioned token(s), one of the following two options will apply:
If users hold the aforementioned token(s) only in the form of collateral:
If the collateral maintenance ratio (CMR) is greater than 2, the aforementioned token(s) will be transferred to users' Spot accounts, until the CMR reaches 2. The remaining tokens in their cross-margin accounts that need to be delisted will then be fully sold.
If the CMR is below 2, the remaining tokens in users' cross-margin accounts that need to be delisted will be fully sold.
If users hold the aforementioned token(s) only as liabilities:
If the CMR is equal to or greater than 2, pending orders will not be affected.
If the collateral maintenance ratio (CMR) 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 liabilities of the delisted token(s).
Please note that users will not be able to update their positions during the delisting process and that they may close their positions and/or transfer their assets from margin accounts to Spot accounts before trading on margin ceases. Binance cannot be held responsible for any potential losses.
Portfolio margin users can transfer the aforementioned token(s) from their margin accounts to their Spot accounts and fund their margin balance before the scheduled date and time of the margin delisting if necessary. Users should closely monitor the unified account maintenance margin ratio (uniMMR) to avoid potential liquidation that may result from the withdrawal of the aforementioned token(s) from the margin account. For more information on the treatment of remaining balances of the aforementioned token(s) in users' portfolio margin accounts, please refer to this FAQ.
Convert
Binance Convert will then delist the aforementioned token(s) and all associated pairs on 02/05/2025 at 02:00 (UTC)
"Convert Low-Value Assets" feature will delist the aforementioned token(s) on 01/05/2025 at 02:00 (UTC). Users can choose to convert low-value assets in advance.
Buy and Sell
Binance's "Buy/Sell Cryptocurrencies" feature will delist the aforementioned token(s) and all associated pairs on 25/04/2025 at 03:00 (UTC).
Binance Pay
Binance Pay will delist the aforementioned token(s) on 30/04/2025 at 03:00 (UTC).
We would like to thank you for your support as we continue to build the crypto ecosystem in a way that promotes transparency and long-term sustainable development.
Thank you for your support!
The Binance Team
24/04/2025
Note: This announcement was modified on 24/04/2025 to update the Accounts section.