Binance, the world’s leading cryptocurrency exchange, has announced the delisting of three tokens—Kaon (AKRO), Bluzelle (BLZ), and WazirX (WRX)—effective December 25, 2024. The move follows Binance’s periodic review process, which evaluates tokens based on multiple criteria, including team commitment, trading volume, regulatory compliance, and network stability.
Key Details of the Delisting:
- Spot Trading Pairs Affected:
AKRO/USDT, BLZ/BTC, BLZ/USDT, WRX/USDT. - Deposit and Withdrawal Deadlines:
- Deposits for these tokens will cease on December 26, 2024, at 03:00 UTC.
- Withdrawals will no longer be supported after February 25, 2025.
- Conversion to Stablecoins:
Delisted tokens may be converted into stablecoins for users after February 26, 2025, though this is not guaranteed.
Impact on Binance Services:
- Binance Futures: Positions for BLZUSDT contracts will close on December 23, 2024, at 09:00 UTC.
- Margin Trading: Cross and isolated margin trading for AKRO, BLZ, and WRX will be suspended on December 23, 2024.
- Other Services: Binance Auto-Invest, Gift Cards, and Spot Copy Trading involving these tokens will also be terminated in the days leading up to December 25.
User Recommendations:
Binance advises users to close trading positions, withdraw balances, and manage token-related services in advance. For margin users, transferring tokens to spot wallets before the cessation of trading is strongly recommended to avoid potential losses.
This announcement underscores Binance’s commitment to maintaining a secure, transparent, and dynamic crypto trading ecosystem. For the latest updates, users are encouraged to refer to Binance’s official announcements.
Stay informed and plan accordingly to ensure smooth transitions during this delisting process.
