Binance has announced the delisting of several tokens, including GFT, IRIS, KEY, OAX, and REN, effective December 10, 2024. This decision follows Binance's periodic review process to ensure listed digital assets meet high standards and industry requirements. Factors influencing delisting include project commitment, development activity, trading volume, network stability, and regulatory compliance. Users are advised to manage their assets accordingly, as trading, deposits, and withdrawals will be affected. Binance will also adjust related services, such as margin trading, futures, and auto-invest, to accommodate these changes. The delisting process includes automatic settlement of positions and conversion of balances to stablecoins where applicable. Users are encouraged to close positions and transfer assets to avoid potential losses. Binance emphasizes its commitment to transparency and sustainable growth in the crypto ecosystem.

IRIS

This is a general announcement. Products and services referred to here may not be available in your region.**GFT delisting dates have been updated. For more information, please refer to this.**Fellow Binancians,At Binance, we periodically review each digital asset we list to ensure that it continues to meet a high level of standard and industry requirements. When a coin or token no longer meets these standards or the industry landscape changes, we conduct a more in-depth review and potentially delist it. Our priority is to ensure the best services and protections for our users while continuing to adapt to evolving market dynamics.When we conduct these reviews, we consider a variety of factors. Here are some that drive whether we decide to delist a digital asset:Commitment of team to projectLevel and quality of development activityTrading volume and liquidityStability and safety of network from attacksNetwork / smart contract stabilityLevel of public communicationResponsiveness to our periodic due diligence requestsEvidence of unethical/fraudulent conduct or negligenceNew regulatory requirementsContribution to a healthy and sustainable crypto ecosystemBased on our most recent reviews, we have decided to delist and cease trading on all spot trading pairs for the following token(s) at2024-12-10 03:00 (UTC):Please note:The exact trading pairs being removed are: GFT/USDT, IRIS/USDT, KEY/USDT, OAX/BTC, OAX/USDT, REN/BTC, REN/USDTAll trade orders will be automatically removed after trading ceases in each respective trading pair.The token's valuation will no longer be displayed in your wallet after delisting. To view your assets after trading ceases, please ensure you have not selected “Hide Small Balances” in all of your wallets.Deposits of these token(s) after2024-12-11 03:00 (UTC)will not be credited to your account.Withdrawals of these token(s) from Binance will not be supported after2025-02-12 03:00 (UTC).Delisted tokensMAYbe converted into stablecoins on behalf of users after2025-02-13 03:00 (UTC). Please note that the conversion of delisted tokens into stablecoins isNOTguaranteed. A separate notification will be made before the conversion where applicable, and the stablecoins will be credited to users’ Binance accounts after the conversion.Binance Simple Earn will delist the token(s) mentioned above after2024-12-06 03:00 (UTC). Users may choose to redeem their Flexible and Locked Products positions beforehand. Otherwise, these Flexible and Locked Products positions will be automatically redeemed at the above-mentioned time, and subsequently transferred to users’ Spot Wallets, together with any accrued rewards.At2024-12-03 03:00 (UTC), KEY, REN of Binance Loans (Flexible Rates) and IRIS, KEY, REN of VIP Loan will close all outstanding loan positions for the aforementioned token(s) as loanable token(s) and collateral token(s). Users are strongly advised to repay their outstanding loans before2024-12-03 03:00 (UTC)to avoid any potential losses, where applicable.Binance Futures will close all positions and conduct an automatic settlement on the KEYUSDT and RENUSDT USDⓈ-M Perpetual Contracts at2024-12-03 09:00 (UTC).The contracts will be delisted after the settlement is complete. Users are advised to close any open positions prior to the delisting time to avoid automatic settlement. Users are not allowed to open new positions for the aforementioned contracts starting from2024-12-03 08:30 (UTC). In order to protect users and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the KEYUSDT and RENUSDT USDⓈ-M Perpetual Contracts without further announcement, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each, updating, such as the interest rate, premium and capped funding rate, changing the constituents of the price index, and using themechanism to update the Mark Price.At2024-12-03 09:00 (UTC), Binance Funding Rate Arbitrage Bot will close all arbitrage strategies and conduct an automatic settlement on the KEY/USDT and REN/USDT symbols. The pairs will no longer be available for opening new arbitrage strategies upon delisting.Binance Margin willGFT, IRIS, KEY, OAX, REN from Cross and Isolated Margin at2024-12-04 06:00 (UTC). The GFT/USDT, IRIS/USDT, KEY/USDT, OAX/USDT, REN/BTC, REN/USDT cross and isolated margin pair(s) will be removed from Margin. Effective immediately, users will no longer be able to transfer any amount of the aforementioned token(s) via manual transfers and Auto-Transfer Mode for Cross and Isolated Margin into their margin accounts. If users hold outstanding liabilities of said tokens, these users may only manually transfer up to the amount of liabilities of that token into their margin accounts, less any collateral already available.At2024-11-27 06:00 (UTC), Binance Margin will suspendisolated marginborrowings on the aforementioned isolated margin pair(s). At2024-12-04 06:00 (UTC), Binance Margin will close users’ positions, conduct an automatic settlement, and cancel all pending orders on the aforementioned isolated margin pair(s), which will then be removed from isolated margin.At2024-11-27 06:00 (UTC), Binance Margin will suspendcross marginborrowings on the aforementioned token(s). At2024-12-04 06:00 (UTC), if users hold both collateral and liabilities of the aforementioned token(s), the collateral will be used to repay the respective liabilities. If there are remaining collateral or liabilities of the aforementioned token(s), one of two options below will occur:If users only hold the aforementioned token(s)in the form of collateral:If the Collateral Margin Level (CML) is above 2, the aforementioned token(s) will be transferred to users’ Spot Wallets, up to the point when the CML reaches 2. The remaining tokens in their Cross Margin accounts that are to be delisted will then befully sold.If the CML is below 2, the remaining tokens in users’ Cross Margin accounts that are to be delisted will befully sold.If users only hold the aforementioned token(s)in the form of liabilities:If CML is at or above 2, pending orders willnotbe affected.If the CML is below 2, all pending orders in their Cross Margin accounts will be canceled.The system will then sell other collateral tokens to buy and fully repay the delisting token(s)’ liabilities.Please note that users willnotbe able to update their positions during the delisting process, and they are strongly advised to close their positions and/or transfer their assets from Margin Wallets to Spot Wallets prior to the cessation of margin trading at2024-12-04 06:00 (UTC). Binance will not be responsible for any potential losses.Portfolio Margin users are advised to transfer the aforementioned token(s) out of their Margin Wallets to their Spot Wallets and to top up their margin balance before2024-12-04 06:00 (UTC)where applicable. Users should monitor the Unified Maintenance Margin Ratio (uniMMR) closely to avoid any potential liquidation that may result from the removal of the aforementioned token(s) from the Margin Wallet.All GFT, IRIS, KEY, OAX, REN balances in Cross Margin Wallet under the Portfolio Margin account will be automatically converted to USDT from2024-12-04 06:00 (UTC). The conversion may take approximately 24 hours or longer. Binance Margin will not be liable for any losses on new positions during this period that may incur due to the conversion of funds. Refer to thisfor more information.Binance Convert will maintain a Sell-only function for the aforementioned token(s) and all associated pairs from2024-12-05 03:00 (UTC) to 2024-12-10 02:00 (UTC).Binance Convert will subsequently delist the aforementioned token(s) and all associated pairs at2024-12-10 02:00 (UTC)Convert Low-Value Assets will delist the token(s) mentioned above at 2024-12-09 02:00 (UTC). Users may choose to convert the low-value assets beforehand.Binance Auto-Invest will delist the token(s) mentioned above after 2024-12-04 03:00 (UTC). Users may choose to remove the plan(s) beforehand. Otherwise, the next recurring cycle of the aforementioned token(s) will fail.Binance Buy & Sell Crypto will delist the aforementioned token(s) and all associated pairs at2024-12-03 03:00 (UTC).Binance Gift Card will delistthe token(s) mentioned aboveat2024-12-10 03:00 (UTC)Users are encouraged to manage Gift Cards containing these token(s) in advance to avoid any inconveniences.Binance Pay will delist the aforementioned token(s) at2024-12-05 03:00 (UTC).Binance will terminate Trading Bots services for the aforementioned spot trading pairs at2024-12-10 03:00 (UTC), where applicable. Users are strongly advised to update and/or cancel their Trading Bots prior to the cessation of Trading Bots services to avoid any potential losses.Binance Spot Copy Trading will delist the aforementioned spot trading pairs on2024-12-09 03:00 (UTC)- after this time, any outstanding spot trading pairs will be moved to the spot wallet. Users are strongly advised to update or cancel their Spot Copy Trading portfolios prior to2024-12-09 03:00 (UTC)to avoid potential losses.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.We thank you for your support as we continue to build the crypto ecosystem in a way that promotes transparency and long-term, sustainable growth.Thank you for your support!Binance Team2024-11-26Note: This announcement was last updated on 2024-12-04 to inform users the GFT delisting date had changed. Previously, it was amended on 2024-11-26 to clarify that IRIS/BTC is no longer available on Binance and is not applicable in this announcement.Find us onBinance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.Disclaimer: In compliance with MiCA requirements, from 2024-06-30, unauthorized stablecoins are subject to certain restrictions for EEA users. For more information, please click.Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. For more information, see ourand.

Binance to Delist GFT, IRIS, KEY, OAX, REN on December 10, 2024