In a morning announcement, Binance provided important information about delisted coins. These coins will be removed from spot wallets by the exchange on October 28, 2024, at 8:00 PM. After that, the conversion of the tokens will be completed by April 28, 2025, at 7:59 PM ET, and the values will be calculated based on average prices. The corresponding USDC amounts will then be credited to users’ spot wallets.

Affected Coins

– Vai (VAI)

– Tornado Cash (TORN)

– OMG Network (OMG)

– Waves (WAVES)

– NEM (XEM)

– BarnBridge (BOND)

– Dock (DOCK)

– Mdex (MDX)

– Polkastarter (POLS)

– Pundi X PURSE (NPXS)

Screenshots will begin being taken on October 28, 2024, and by April 28, 2025, the average values will be deposited into investors’ spot wallets in USDC.

Users can continue to withdraw until October 28, 2024, at 7:59 PM ET. Additionally, Binance warned that deposits for these coins will no longer be available, and any made will not appear in wallets.

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The post Binance Announced: Be Careful if You Hold These Coins! appeared first on Coin Engineer.

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In its watchlist published on January 4, 2024, Binance announced that it has added Aragon (ANT), Firo (FIRO), Keep3rV1 (KP3R), Mdex (MDX), MobileCoin (MOB), Reef (REEF), Vai (VAI), Monero (XMR), Zcash (ZEC), and Horizen (ZEN). With the addition of these 10 new altcoins, the number of assets on the watchlist has increased from 23 to 33.

The cryptocurrency exchange also announced that it has removed GMX (GMX) and SushiSwap (SUSHI) from the watchlist.

What is the Binance Watchlist? What risks await assets on this list?

Altcoins included in Binance’s watchlist are more volatile and carry more risk than other altcoins. These altcoins are reviewed and monitored regularly by Binance. It is stated that the altcoins on the watchlist no longer meet the listing requirements on the exchange and that these assets are at risk of being delisted.

Users who trade with assets on the list are required to pass the tests directed to them every 90 days and accept the conditions. The tests are conducted to determine whether users are aware of the risks before trading with assets on the watchlist.

Here are some of the risks that await altcoins on Binance’s watchlist:

• Higher volatility: Altcoins on the watchlist are more likely to experience sharp price swings than other altcoins. This can lead to significant losses for investors.
• Less liquidity: Altcoins on the watchlist are less liquid than other altcoins. This means that it may be more difficult to buy or sell them at a fair price.
• Risk of delisting: Binance may delist altcoins from the watchlist if they no longer meet the exchange’s listing requirements. This would make it impossible to trade these assets on Binance.

Investors should carefully consider the risks before trading altcoins on Binance’s watchlist.

You can freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Binance Adds 10 New Altcoins to Watchlist! appeared first on Coin Engineer.