Earlier today, cryptocurrency exchange Binance made a significant statement informing that four tokens will be delisted and cease trading on all spot trading pairs. These consist of Unifi Protocol DAO (UNFI), Ooki Protocol (OOKI), Keep3rV1 (KP3R), and Rupiah Token (IDRT). Officially, trade will end on November 6 at 3:00 a.m. (UTC).
Binance Cites Industry Standards
The specific trading pairings that will be delisted are KP3R/USDT, OOKI/USDT, UNFI/BTC, UNFI/TRY, UNFI/USDT, and USDT/IDRT. These tokens will also be removed from the Binance Simple Earn program, and after the designated date, withdrawals and deposits will not be permitted. Furthermore, any holdings for these tokens will be fully closed by Binance Futures.
The cryptocurrency exchange disclosed that it adheres to stringent industry standards in its official blog post. According to Binance, every coin published on the platform is subject to a routine review process to make sure the digital assets continuously satisfy industry standards and specifications.
A more thorough examination is carried out by Binance if it learns that a particular coin has not complied with these standards. The trading platform may choose to delist the coin or token following this examination.
Binance Reaffirms Commitment to High-Quality Service
According to Binance, the exchange is still dedicated to offering its diverse customer base top-notch services and security. Additionally, the platform emphasized its dedication to the rapidly evolving market environment. The aforementioned tokens are not well-known in the market and Binance must have found some anomalies in them that go against industry standards.
In addition to the aforementioned factors, there are several other reasons for this delisting. The ultimate objective seems to be user safety while offering them a safer and more secure trading environment. Being the biggest exchange in terms of trading volume, Binance must guarantee user security and safety to continuously deliver excellent services.
Conclusion
Binance’s decision to delist four trading pairs involving Unifi Protocol DAO (UNFI), Ooki Protocol (OOKI), Keep3rV1 (KP3R), and Rupiah Token (IDRT), highlights the platform’s commitment to maintaining high industry standards and user security.
By conducting regular reviews, Binance ensures that listed tokens adhere to strict criteria, and the delisting of these tokens suggests they no longer meet those requirements. While the affected tokens are relatively lesser-known, the move underscores Binance’s proactive approach to safeguarding its users and adapting to the fast-evolving cryptocurrency landscape, reaffirming its position as a leading exchange focused on quality and safety.
Victor Swaezy
Victor Swaezy is a crypto-journalist with more than 3 years of experience in covering blockchain technology and digital currencies news. Known for his comprehensive reporting, Victor has contributed to leading industry publications, providing market participants with the required knowledge to make informed decisions. When he is not working, he loves to watch movies and have a good time.