Binance Delists Rupiah Token (IDRT), Keep3rV1 (KP3R), Ooki Protocol (OOKI), and Unifi Protocol DAO (UNFI)

Binance, the world's largest crypto exchange, will delist several tokens, including Rupiah Token (IDRT), Keep3rV1 (KP3R), Ooki Protocol (OOKI), and Unifi Protocol DAO (UNFI).

Binance, the leading global cryptocurrency exchange, has announced the upcoming delisting of several tokens from its platform following a periodic review of assets. The tokens to be delisted include Rupiah Token (IDRT), Keep3rV1 (KP3R), Ooki Protocol (OOKI), and Unifi Protocol DAO (UNFI). Trading for these tokens will end on November 6, 2024. As part of this move, Binance will also be removing the following trading pairs due to low liquidity and trading volume, effective Friday, October 25: ALGO/FDUSD, CHR/ETH, DGB/BTC, and GMX/BTC. By November 6, the exchange will further delist the trading pairs KP3R/USDT, OOKI/USDT, UNFI/BTC, UNFI/TRY, UNFI/USDT, and USDT/IDRT. Users are advised to close any open orders and manage their positions involving the affected tokens before the specified delisting dates to avoid any disruptions. After the tokens are removed from the platform, all active orders will be automatically canceled.Binance’s Approach to Delistings: Continuous Reviews Post-Initial Listing After listing tokens on its platform, Binance conducts regular reviews to assess whether these assets still meet the exchange’s standards. This evaluation considers various aspects, including trading volume, liquidity, and network stability. Other factors taken into account are the team’s commitment, regulatory compliance, and any evidence of unethical or negligent behavior. While tokens may initially meet the criteria for listing, Binance continuously monitors their performance to ensure they remain compliant. In cases where issues arise, such as low liquidity or regulatory challenges, Binance may take steps to delist underperforming assets to maintain a healthy and sustainable trading environment.Key Deadlines and Actions for Affected UsersBinance has specified crucial dates and actions for users impacted by the token delistings. For those engaged in margin trading, isolated and cross-margin services for KP3R, OOKI, and UNFI will end on October 31, 2024, at 06:00 UTC. Users should repay loans and transfer the affected assets to their Spot Wallets before this date to avoid automatic settlement. Additionally, Binance Futures will close all UNFI-related contracts on October 30, 2024, at 09:00 UTC, with automatic settlement set to occur. No new positions can be opened from 08:30 UTC on that day. Deposits of the delisted tokens will be suspended after November 7, 2024, and withdrawals will cease on February 6, 2025. Where applicable, Binance may convert delisted tokens into stablecoins after February 7, 2025, although this is not guaranteed.Beyond trading, the delisting will affect various Binance services, including Simple Earn, Auto-Invest, and Binance Gift Cards. Users should check their holdings and remove any active plans or positions related to the affected tokens before November 6, 2024. A sell-only function for these tokens will be available through Binance Convert from November 1, 2024, until November 6, 2024. After that, all trading pairs for the delisted tokens will be fully removed from Binance.