Binance, one of the world’s largest cryptocurrency exchanges, has announced that it will delist three tokens from its trading platform on April 18th, 2023. These tokens include Kepple (QLC), Neblio (NEBL), and Auto (AUTO).
Binance conducts regular reviews of the digital assets it lists to ensure that they meet its high standards. When a coin or token no longer meets these standards or the industry changes, the exchange conducts a more in-depth review and potentially delists it. This is done to protect all Binance users.
The decision to delist these tokens was based on several factors, including the team’s commitment to the project, level and quality of development activity, trading volume and liquidity, network stability and safety from attacks, smart contract stability, level of public communication, responsiveness to periodic due diligence requests, evidence of unethical/fraudulent conduct or negligence, and contribution to a healthy and sustainable crypto ecosystem.
All trading pairs for these tokens, including QLC/BTC, NEBL/USDT, NEBL/BUSD, NEBL/BTC, AUTO/USDT, AUTO/BUSD, and AUTO/BTC, will be removed from Binance’s trading platform on April 18th, 2023, at 03:00 (UTC). All trade orders will be automatically removed after trading ceases in each respective trading pair.
It’s important to note that deposits of these tokens after April 19th, 2023, at 03:00 (UTC) will not be credited to users’ accounts. Withdrawals of these tokens from Binance will continue to be supported until July 18th, 2023, at 03:00 (UTC).
Binance Margin will also delist AUTO/USDT, AUTO/BUSD, and AUTO/BTC trading pairs from Isolated Margin on April 17th, 2023, at 03:00 (UTC). Users are advised to close their positions and/or transfer their assets from Margin Wallets to Spot Wallets prior to the cessation of margin trading.
Binance Simple Earn, Gift Card, and Pay will also delist these tokens on April 18th, 2023, at 03:00 (UTC). Users are suggested to manage their Gift Cards containing these tokens in advance to avoid any inconveniences.
Binance will terminate strategy trading services for the aforementioned spot trading pairs on April 18th, 2023, at 03:00 (UTC). Users are strongly advised to update and/or cancel their trading strategies prior to the cessation of strategy trading services to avoid any potential losses.
If you hold any of these tokens on Binance, it’s important to take note of these delisting dates and plan accordingly to avoid any potential losses.
News Source: Binance
Image Source: Binance
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