Binance has officially announced the removal of four altcoins from its trading platform. The cryptocurrencies affected are AirDAO (AMB), CLV (CLV), StormX (STMX), and VITE (VITE). This significant decision will take effect on February 24, 2025, and stems from Binance’s ongoing evaluation process, which identifies projects that no longer meet the exchange’s criteria.
What Are the Key Dates for Affected Altcoins?
The delisting will see the cessation of all spot trading pairs for AMB, CLV, STMX, and VITE on the specified date. Trading pairs such as AMB/USDT and STMX/USDT will no longer be available, and all open orders will be canceled automatically. Users must ensure that the “Hide Small Balances” feature is turned off to view their assets properly.
How Should Users Prepare for This Change?
Following the delisting, users will not have the option of depositing AMB, CLV, STMX, or VITE from February 25, 2025. However, withdrawals will be permitted until April 24, 2025. Binance may also convert these altcoins into stablecoins, although this process is not yet confirmed. The company plans to provide further details on how this will be handled.
- Close all trading, margin, and futures positions related to the delisted altcoins.
- Transfer affected altcoins to spot wallets before the deadlines.
- Regularly monitor account updates for any changes regarding the delisted assets.
Users are urged to act promptly to prevent potential losses and ensure a smooth transition before the deadlines. Binance has also indicated that it might introduce further protective measures to safeguard user assets during this transition period.
