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On November 6, 2024, Binance will officially delist four altcoins: Rupiah Token (IDRT), Keep3rV1 (KP3R), Ooki Protocol (OOKI), and Unifi Protocol DAO (UNFI). The decision was made based on factors like liquidity, security, and compliance with regulatory requirements, and it is expected to impact many of the platform’s users.
As part of its ongoing commitment to providing a secure and efficient trading experience, Binance regularly reviews the crypto assets listed on its platform. After thorough evaluations, tokens that do not meet certain performance or safety criteria are delisted. In its latest announcement, Binance revealed that these four altcoins will be removed from the platform in the coming days, a decision that will take effect on November 6, 2024.
Which Altcoins Will Be Delisted?
The four altcoins set to be delisted are Rupiah Token (IDRT), Keep3rV1 (KP3R), Ooki Protocol (OOKI), and Unifi Protocol DAO (UNFI). In its statement, Binance emphasized that each token listed on its platform is subjected to regular reviews that take into account various factors such as liquidity, market stability, security, development progress, team performance, and regulatory compliance. If a project fails to meet these criteria, Binance takes swift action to delist it.
By evaluating each project across 10 different criteria, Binance ensures that underperforming projects or those facing regulatory issues are removed from the platform, reinforcing the exchange’s commitment to service quality and user security.
Trading Pairs Affected by the Delisting
Along with the delisting of these altcoins, several trading pairs will also be removed from the platform, including:
- KP3R/USDT
- OOKI/USDT
- UNFI/BTC
- UNFI/TRY
- UNFI/USDT
- USDT/IDRT
Users are advised to complete their transactions before November 7, 2024, 03:00 (UTC) when all deposits for these tokens will be halted. Additionally, withdrawals for the delisted altcoins will remain available until February 6, 2025, after which all withdrawal support will be discontinued.
Important Information for Binance Users
For users holding these tokens, it is crucial to understand that once the delisting process is complete, all open trade orders will be automatically canceled. Additionally, balances for these altcoins will no longer be visible in users’ wallets. To avoid potential value loss or transaction issues, Binance advises users to transfer their tokens to another platform or complete their trades by November 7, 2024.
