Important Announcement From Top Crypto Exchange Binance

Binance, a leading cryptocurrency exchange, announced the delisting of six altcoins—PowerPool (CVP), Ellipsis (EPX), ForTube (FOR), Loom Network (LOOM), Reef (REEF), and VGX Token (VGX). This led to sharp price drops for each token.

Starting August 26, 2024, at 03:00 UTC, Binance will halt all spot trading for these tokens and cancel any existing orders.

Deposits for these altcoins will not be accepted after August 27, 2024, but withdrawals will be allowed until November 26, 2024. Binance may later convert these tokens into stablecoins, though this is not guaranteed.

Additionally, Binance will automatically convert 15 previously delisted altcoins into the USDC stablecoin based on user holdings as of September 2, 2024, to provide a stable value.

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These altcoins include Bitcoin Gold (BTG), Bitcoin Standard Hashrate Token (BTCST), Bitshares (BTS), District0x (DNT), Groestlcoin (GRS), Hegic (HEGIC), MobileCoin (MOB), Monero (XMR), Monetha (MTH), Multichain (MULTI), Navcoin (NAV), Sologenic (SOLO), Spartan Protocol (SPARTA), Symbol (XYM), and Tribe (TRIBE).

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.