{"id":17592,"date":"2024-10-08T10:01:10","date_gmt":"2024-10-08T07:01:10","guid":{"rendered":"https:\/\/forklog.com\/en\/binance-to-convert-delisted-cryptocurrencies-into-usdc\/"},"modified":"2024-10-08T10:01:10","modified_gmt":"2024-10-08T07:01:10","slug":"binance-to-convert-delisted-cryptocurrencies-into-usdc","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/binance-to-convert-delisted-cryptocurrencies-into-usdc\/","title":{"rendered":"Binance to Convert Delisted Cryptocurrencies into USDC"},"content":{"rendered":"<p>By October 29, Binance users <a href=\"https:\/\/www.binance.com\/en\/support\/announcement\/notice-on-the-withdrawals-of-delisted-tokens-conversion-of-selected-tokens-to-usdc-2024-10-08-1657c0d30d5449908e8e20d9efa893a2\" title=\"\">must withdraw<\/a> tokens delisted from the platform, or they will be automatically converted into the stablecoin USDC.\u00a0<\/p>\n<p>The affected coins include:\u00a0<\/p>\n<ul class=\"wp-block-list\">\n<li>Vai (VAI);<\/li>\n<li>Tornado Cash (TORN);<\/li>\n<li>OMG Network (OMG);<\/li>\n<li>Waves (WAVES);<\/li>\n<li>NEM (XEM);<\/li>\n<li>BarnBridge (BOND);<\/li>\n<li>Dock (DOCK);<\/li>\n<li>Mdex (MDX);<\/li>\n<li>Polkastarter (POLS);<\/li>\n<li>Pundi X PURSE (PURSE).<\/li>\n<\/ul>\n<p>If conversion occurs, the equivalent amount in USDC will be credited to accounts by April 28, 2025.\u00a0<\/p>\n<p>The exchange will send additional emails to all affected users.\u00a0<\/p>\n<p>Simultaneously, Binance released a <a href=\"https:\/\/www.binance.com\/en\/proof-of-reserves\">proof of reserves report<\/a>, indicating that client deposits, represented in major digital assets, remain overcollateralized.\u00a0<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXfF7hewN-HVs1Wk-DpOC5I-REg1KG2NP53H9TvW3YrWhzQQ2Q8de0T8JOuvtSRWZoDQ9YT51ryp0hEnCZL5TJ6gaiL9EKAJT8cSW6ZGT4HV4-e6HKQQCDmW_3WQ6tjCWLcRx53Bw3k7PGVeq8ac2vICCYs?key=EAw-xsYwMRBY1DqiYaEVyg\" alt=\"Binance to Convert Delisted Cryptocurrencies into USDC\"\/><figcaption class=\"wp-element-caption\">Source: Binance.\u00a0<\/figcaption><\/figure>\n<p>Earlier, the trading platform <a href=\"https:\/\/u1f987.com\/en\/news\/binance-sets-deadline-for-withdrawal-of-delisted-monero-and-other-tokens\">announced<\/a> the conversion of other delisted crypto assets, including Monero, Multichain, Bitcoin Gold, and several others. The deadline for their withdrawal was September 1.\u00a0<\/p>\n<p>In early 2023, Binance classified privacy-focused coins Zcash and Monero <a href=\"https:\/\/u1f987.com\/en\/news\/binance-labels-zcash-and-monero-as-high-risk-assets\">as high-risk crypto assets<\/a>.<\/p>\n<p>On February 20, the platform <a href=\"https:\/\/u1f987.com\/en\/news\/monero-price-drops-15-following-binance-delisting-announcement\">delisted<\/a> XMR along with MULTI from its trading instruments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By October 29, Binance users must withdraw tokens delisted from the platform, or they will be automatically converted into the stablecoin USDC.\u00a0 The affected coins include:\u00a0 Vai (VAI); Tornado Cash (TORN); OMG Network (OMG); Waves (WAVES); NEM (XEM); BarnBridge (BOND); Dock (DOCK); Mdex (MDX); Polkastarter (POLS); Pundi X PURSE (PURSE). If conversion occurs, the equivalent [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":17591,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,1286,596],"class_list":["post-17592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-listing","tag-tokens"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=17592"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/17592\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/17591"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=17592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=17592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=17592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}