Attention Binance users! Some big changes are coming, and you might want to keep reading to find out if you're in the mix. Earlier this year, Binance decided to give the boot to a slew of cryptocurrencies, including Tornado Cash (TORN), Vai (VAI), OMG Network (OMG), Waves (WAVES), Barn Bridge (BOND), Mdex (MDX), Dock (DOCK), NEM (XEM), Polkastarter (POLS), and Pundi X PURSE (PURSE). If you're holding any of these, listen up!
Binance recently sent out a heads-up: take a snapshot of your holdings and flash it by October 29. They've promised to swap your stash for an equivalent amount of USDC by April 28, 2025. The conversion will dance to the tune of the average token to USDC exchange rate between October 29, 2024, and April 28, 2025.
Binance has made it clear that all users with these coins will get an email notification soon. While you can no longer deposit these cryptos, you can still make withdrawals until October 28. But after that, the withdrawal party's over, and you won't be able to transfer these tokens from your Binance accounts.
The grand conversion finale is set for April 28, 2025, and it affects all holdings in any Binance wallets. During this time, you won't be able to see the vanished tokens in your wallets. Quite the disappearing act!
And here's a little something else: less than a month ago, Binance pulled the Turkish language option from its website and app. They assured users this move was to comply with legal requirements in Türkiye, but rest easy, Binance.com remains fully operational with all its services there. Plus, the Turkish customer service line is still up and running, and your funds are as safe as ever.
So, if you're impacted by these changes, keep an eye on your inbox and stay in the loop!
