Binance to Delist GFT, IRIS, KEY, OAX, and REN Due to Compliance Issues on December 10
KP3R
IDRT
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UNIFI
Binance has notified traders about the upcoming delistings for five tokens, which will occur on December 10 at 03:00 UTC due to standard compliance issues.
On November 26, Binance announced the delisting of five tokens: Gifto, IRISnet, SelfKey, OAX, and Ren. This decision was made after a routine review of its listed assets, which aimed to ensure that only those meeting the exchange’s updated standards remain available for trading. The affected trading pairs—GFT/USDT, IRIS/USDT, KEY/USDT, OAX/BTC, OAX/USDT, REN/BTC, and REN/USDT—will also be removed from the platform. Trading for these tokens on spot markets will officially cease on December 6.
Binance has clarified that its decision to delist tokens is based on several factors, including project development, network stability, and regulatory compliance. The exchange emphasized that these actions protect users and maintain a healthy trading environment in the crypto market.
They advise users to take appropriate action before and after the delisting date to manage their holdings accordingly. The exchange has notified users that deposits for the affected tokens will no longer be credited after December 12. However, withdrawal support for these tokens will remain available until February 12, 2025.
Additionally, Binance noted that there may be a possibility of converting the delisted tokens into stablecoins for users after February 13, 2025. However, this option is not guaranteed and remains uncertain.
This isn’t the first time Binance has warned about delisting tokens. On October 23, 2024, the exchange announced plans to remove Unifi Protocol DAO (UNFI), Ooki Protocol (OOKI), Keep3rV1 (KP3R), and Rupiah Token (IDRT) from its listings. The delisting took effect on November 6 at 03:00 UTC, with trading pairs like UNFI/BTC and OOKI/USDT being halted. Binance cited project development, network stability, and regulatory compliance as critical reasons for the decision, aiming to protect users and ensure a stable crypto market.
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The post Binance to Delist GFT, IRIS, KEY, OAX, and REN Due to Compliance Issues on December 10 appeared first on DeFi Planet.
