- Effective August 22, 2023, Binance will be delisting SRM, SNM, and YFII.
- All trading pairs and services related to these tokens will also be delisted, and users can convert delisted token holdings to stablecoins after August 22.
Central to Binance’s commitment to upholding integrity within the digital asset space is a review protocol that subjects each token listed on the exchange to periodic evaluation. If an asset falls short of evaluation standards, a further assessment of the token is completed, which could lead to potential delisting.
The evaluations are barriers against compromised assets, unethical practices, and negligence to protect Binance users. Evaluations scrutinize project team commitment, development quality, trading liquidity, network robustness against attacks, smart contract reliability, public interaction, due diligence responsiveness, and overall crypto ecosystem contributions.
Delisting Details
Recent evaluations and subsequent assessments of the Serum (SRM), Sonm (SNM), and DFI.Money (YFII) tokens have determined that on August 22, 2023, trading cessation will be applied to these assets, and they will be delisted from the Binance exchange. Active trade orders within pairings based around these assets will be automatically revoked upon trading cessation.
Deposits of these tokens made after August 23 will not be credited, and withdrawals of delisted tokens from Binance will halt after August 22. After August 22, users can still swap holdings of delisted tokens for stablecoins. Furthermore, Binance Gift Card, Binance Pay, and Trading Bots services linked to any SRM, SNM, and YFII will also be delisted on August 22.
Conclusion
Binance’s commitment to maintaining the highest standards within the digital asset realm stands firm through its rigorous evaluation protocol. By subjecting each listed token to periodic scrutiny, Binance ensures its offerings’ ongoing quality and credibility.
