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Major crypto exchange Binance revealed its decision to delist four spot trading pairs later this week.
In an announcement, Binance stated it will remove and cease trading on four spot trading pairs, including QNT/BTC, RPL/USDC, SIGN/BNB, and SKL/USDC.
The delisting, which resulted from its most recent reviews, will be carried out on August 7 at 03:00 (UTC).
Binance explains the delisting action as one that is done to protect users and maintain a high-quality trading market, as part of which it conducts periodic reviews of all listed spot trading pairs. Selected spot trading pairs may be delisted due to multiple factors, including poor liquidity and trading volume.
Binance will simultaneously terminate Spot Trading Bots services for the QNT/BTC, RPL/USDC, SIGN/BNB, and SKL/USDC spot trading pairs where applicable. Users are strongly advised to update and/or cancel their spot trading bots prior to the cessation of spot trading bot services to avoid any potential losses.
Along these lines, Binance will be delisting six crypto tokens at a later date in August.
Six crypto tokens to be axed
Based on its most recent reviews, Binance stated it has decided to delist and cease trading on all spot trading pairs for six tokens: Across Protocol (ACX), Hashflow (HFT), PIVX (PIVX), Vulcan Forged PYR (PYR), Vanar (VANRY), and Viction (VIC) on August 17 at 03:00 (UTC).
Binance's decision to delist Vanar (VANRY) comes as the exchange will not support the token's contract swap plan.
Deposits of ACX, HFT, PIVX, PYR, VANRY, and VIC tokens will not be credited to users' accounts after August 18 at 03:00 (UTC). Withdrawals of these tokens from Binance will not be supported after October 17 at 03:00 (UTC).
Binance Spot Copy Trading will delist the aforementioned spot trading pairs on August 10 at 03:00 (UTC).
Binance Futures will close all positions and conduct an automatic settlement on the contracts of the aforementioned tokens on August 8 at 09:00 (UTC), with the contracts delisted after the settlement is complete.
U.Today Editorial Team
Dan Burgin
