Binance To Delist BOND, DOCK, MDX, POLS On July 22

Key Points

• Binance will delist BOND, DOCL, MDX, and POLS on July 22.
• The exchange will delist and cease trading on all spot trading pairs for the tokens.

In an official announcement, Binance revealed the decision to delist and cease trading on all spot trading pairs for the following tokens:

• BarnBridge (BOND)
• Dock (DOCK)
• Mdex (MDX)
• Polkastarter (POLS)

The exact trading pairs to be removed are the following:

• BOND/BTC
• BOND/USDT
• DOCK/BTC
• DOCK/USDT
• MDX/USDT
• POLS/USDT

Binance periodically reviews all listed digital assets to make sure that they continue to meet a high level of standard and industry requirements.

When a token no longer meets the standards or the industry landscape changes, the exchange conducts a more in-depth review which can lead to its delisting.

The move is part of Binance‘s efforts to ensure the best services and protection for users while adapting to the evolving market.

Here are the most important factors taken into consideration when the exchange decides on a potential delisting:

• Commitment of the team to the project
• Level of quality of development activity
• Trading volume and liquidity
• Stability and safety of the network from attacks
• Network/smart contract stability
• The level of public communication
• Responsiveness to the periodic due diligence requests
• Evidence of unethical/fraudulent conduct or negligence
• New regulatory requirements
• Contribution to a healthy and sustainable crypto ecosystem

Important Delisting Notes

All trade orders will be automatically removed after the cessation of trading in each trading pair.

After delisting, the token’s valuation will no longer be displayed in users’ wallets. To view the assets after trading ceases, users have to make sure that they have selected “Hide Small Balances” in all wallets.

Deposits of tokens to be delisted will not be credited to user accounts after July 23 at 03:00 (UTC).

Withdrawals of the tokens from Binance will not be supported after October 22 at 03:00 (UTC).

Here are additional details that have to be taken into consideration:

Stablecoin conversion

• Delisted tokens may be converted into stablecoins on users’ behalf after October 23, at 03:00 (UTC).
• The conversion into stablecoins is not guaranteed.
• A separate notification will be made before the conversion, wherever applicable.
• The stablecoins will be credited to users’ accounts post-conversion.

Binance Simple Earn

• Binance Simple Earn will delist the tokens mentioned above on July 19, at 03:00 (UTC).
• Users can choose to redeem their Flexible Products positions beforehand, otherwise, they will be automatically redeemed and transferred to users’ Spot Wallets, together with accrued rewards, from July 19, at 03:00 (UTC).

Binance Auto Invest

• Binance Auto Invest will delist the tokens after July 15 at 03:00 (UTC).
• Users may choose to remove the plan(s) beforehand, otherwise the next recurring cycle of the tokens will fail.

VIP Loan

• On July 17, at 03:00 (UTC), VIP Loan will close all outstanding loan positions for the tokens as loanable tokens and collateral tokens.
• Users are advised to repay outstanding loans before July 17 at 03:00 (UTC) to avoid potential losses.

Binance Funding Rate Arbitrage Bot

• On July 16, at 06:00 (UTC), Binance Funding Rate Arbitrage Bot will close all arbitrage strategies and conduct an automatic settlement on the BOND/USDT symbol.
• The pair will no longer be available for opening new arbitrage strategies upon delisting.

Binance Margin

• On July 17, at 06:00 (UTC), Binance Margin will delist the BOND, DOCK, MDX, POLS cross margin, and isolated margin pair(s).
• On July 12, at 06:00 (UTC), Binance Margin will suspend isolated margin borrowing on the isolated margin pairs.
• On July 17, at 06:00 (UTC), Binance Margin will close users’ positions, conduct an automatic settlement, and cancel pending orders on the cross and isolated margin pair(s), and the pairs will be removed from Margin.
• Users are advised to close their positions and transfer the assets from Margin Wallets to Spot Wallets before the cessation of margin trading on July 17, at 06:00 (UTC).

Portfolio Margin

• Portfolio Margin users are advised to transfer the tokens out of their Margin Wallet to their Spot Wallet.
• Users should top up their margin balance before July 17, at 06:00 (UTC).
• Users should monitor the Unified Maintenance Margin Ratio (Uni-MMR) to avoid potential liquidation.
• All BOND, DOCK, MDX, and POLS balances in Cross Margin Wallets under the Portfolio Margin account will be automatically converted into USDT from July 17, at 06:00 (UTC); conversion will take at least 24 hours.

Binance Convert

• Binance Convert will maintain a Sell-only function for the tokens and associated pairs from July 18, at 03:00 (UTC) to July 22, at 02:00 (UTC).
• Binance Convert will delist the tokens and associated pairs on July 22, at 02:00 (UTC).

Binance Buy and Sell Crypto

• Binance But and Sell Crypto will delist the tokens and associated pairs on July 18, at 03:00 (UTC).

Binance Gift Card

• Binance Gift Card will delist the tokens on July 22, at 03:00 (UTC).
• Users are encouraged to manage Gift Cards containing the tokens in advance to avoid inconveniences.

Binance Pay

• Binance Pay will delist the tokens on July 18, at 03:00 (UTC).

Trading Bots services

• Binance will terminate Trading Bots services for the spot trading pairs on July 22, at 03:00 (UTC) where applicable.
• Users are advised to update or/and cancel Trading Bots before the cessation of Trading Bots services to avoid losses.

Binance noted that the USDⓈ-M BONDUSDT Perpetual Contract trading is not affected and users may continue trading.