Crypto change behemoth Binance on Tuesday unveiled a significant announcement on Tornado Cash (TORN), Vai (VAI), OMG Network (OMG), Waves (WAVES), NEM (XEM), BarnBridge (BOND), Dock (DOCK), Mdex (MDX), Polkastarter (POLS), and Pundi X PURSE (PURSE) tokens. The crypto change notified its customers that it’ll carry out conversion of the talked about tokens to USDC shortly forward. Meanwhile, the change additionally supplied customers a deadline for the withdrawal of those tokens in a mover to facilitate a seamless delisting course of.
Binance Issues Announcement On Withdrawal & Conversion Of 10 Tokens
According to an official Binance announcement dated October 8, the change is about to transform Vai (VAI), Tornado Cash (TORN), OMG Network (OMG), Waves (WAVES), NEM (XEM), BarnBridge (BOND), Dock (DOCK), Mdex (MDX), Polkastarter (POLS), and Pundi X PURSE (PURSE) into USDC primarily based on customers’ pockets holdings as of October 29. The conversion, when accomplished, will lead to crediting an equal quantity of USDC to customers’ wallets by subsequent 12 months. Notably, the completion of USDC crediting to wallets is predicted to be over by April 28, 2025, the change added.
Additionally, the top crypto exchange additionally notified customers that they’ll withdraw these delisted tokens earlier than October 28 at 23:59 UTC. Following this date, withdrawals will likely be made unavailable for the talked about property, the announcement added. Moreover, the change highlighted that “the conversion will be executed on the basis of the average token to USDC exchange rate between October 29 and April 28, 2025.” The crypto change pioneer can even ship an e mail to customers when the USDC conversion course of wraps up, encompassing different essential particulars.
USDC is a Circle Internet Financial-backed stablecoin boasting worldwide digital performance.
Tokens’ Price In Light Of Binance Announcement
Tornado Cash
TORN worth at the moment traded at $2.166, down practically 6% up to now 24 hours. Its 24-hour high and low had been recorded as $2.155 and $2.298, respectively.
Vai
VAI worth traded at $0.9998, up marginally by 0.09% over the previous day. The coin’s intraday high and low had been $0.9987 and $1.0107, respectively.
OMG Network
OMG worth rested at $0.2796, down roughly 3% up to now 24 hours. The coin’s intraday high and low had been $0.2790 and $0.3220, respectively.
Waves
WAVES worth stood at $1.100, marking a 2.5% lower over the previous day alongside Binance’s announcement. The crypto’s 24-hour high and low had been $1.093 and $1.139, respectively.
NEM
XEM worth slipped practically 2% up to now 24 hours and is now buying and selling at $0.01753. The token’s intraday high and low had been $0.01739 and $0.01812, respectively.
BarnBridge
BOND worth tanked practically 3% over the previous day to achieve $1.53. The coin’s intraday high and low had been $1.53 and $1.62, respectively.
Dock
Following Binance’s announcement, DOCK worth additionally cracked roughly 3% up to now 24 hours and traded at $0.001759 at press time. The coin’s 24-hour low and peak had been $0.001741 and $0.001832, respectively.
Mdex
MDX worth crashed 51% up to now 24 hours and is now buying and selling at $0.01509. Its 24-hour high and low had been $0.0145 and $0.03401, respectively.
Polkastarter
POLS worth confirmed indicators of a pullback, slipping practically 5% over the previous day to $0.304. The coin’s intraday high and low had been $0.3022 and $0.3263, respectively.
Pundi X PURSE
PURSE worth slipped 0.81% over the previous day to achieve $0.0001465. The coin’s intraday low and peak had been $0.0001461 and $0.0001478, respectively.
A majority of the tokens delisted by the change traded within the pink zone at the moment, aligning with the discontinuation of assist by one of many main crypto exchanges. Meanwhile, in one other related chronicle, Binance warned to delist Bluzelle, CLV, SelfKey, Prosper, and VITE lately to additional streamlining consumer choices.
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