- Leading global cryptocurrency exchange Binance has announced its decision to delist BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastarter (POLS) from its platform.
- This delisting process will commence on July 22, 2024, at 06:00 AM.
- Binance emphasizes its commitment to maintaining high standards and offering optimal services and protections to its users.
Explore the latest developments in the crypto world as Binance prepares to delist BOND, DOCK, MDX, and POLS, ensuring only the highest quality assets remain on its platform.
Binance to Delist BOND, DOCK, MDX, and POLS on July 22, 2024
In a recent announcement, Binance declared its intention to remove BarnBridge (BOND), Dock (DOCK), Mdex (MDX), and Polkastarter (POLS) from its cryptocurrency trading platform. The decision is part of Binance’s ongoing effort to uphold rigorous industry standards and deliver the best possible service to its users. This delisting activity will start at 06:00 AM on July 22, 2024.
Factors Influencing the Delisting Decision
Binance periodically reviews each token listed on its platform to ensure they continue to meet industry requirements and high performance standards. Factors contributing to the delisting include the development activity and quality, the volume of trades and liquidity, network security and stability, public communication, compliance with due diligence requests, and evidence of unethical or fraudulent behavior. The evaluation also takes into account new regulatory requirements to support a healthy and sustainable crypto ecosystem.
Impact on Trading Pairs and Users
The decision will affect several trading pairs involving BOND, DOCK, MDX, and POLS. The impacted trading pairs are as follows: BOND/BTC, BOND/USDT, DOCK/BTC, DOCK/USDT, MDX/USDT, and POLS/USDT. Trading on these pairs will cease on July 22, 2024, at 06:00 AM. Users with trade orders on these pairs should take note, as all orders will be automatically removed once trading halts.
Key Dates to Remember
Following the cessation of trading on July 22, 2024, at 06:00 AM, deposits of the delisted tokens into users’ accounts will no longer be accepted starting from July 23, 2024, at 06:00 AM. Furthermore, withdrawal support for these tokens on Binance will end on October 22, 2024, at 06:00 AM. Binance encourages users to manage their portfolios and commence withdrawing the affected tokens well in advance of these deadlines to avoid inconvenience.
Conclusion
Binance’s decision to delist BOND, DOCK, MDX, and POLS from its platform is a strategic move to maintain its high standards and provide a secure trading environment for its users. By continuously reviewing and reevaluating listed assets, Binance ensures that only the most viable and compliant tokens remain accessible to its global user base. Users impacted by this change should promptly adjust their holdings and complete any necessary transactions before the specified deadlines for a smooth transition.
