Binance Announces Delisting of Eight Cryptocurrencies

Binance has announced that it will be delisting eight cryptocurrencies from its platform. This decision is expected to have a significant impact on the affected tokens' price and liquidity. The exchange has given users notice of the impending change and has outlined the details of how the delisting process will work.

The delisted tokens include Arena-Z, Ampleforth Governance Token, Hooked Protocol, Loopring, IDEX, Neutron, Solar, and Radiant Capital. Binance will terminate all trading services for these tokens on April 1, which is expected to negatively impact their price and liquidity. The exchange has also announced that it will delist the Spot Copy Trading pairs for these tokens on March 25.

Users of Binance are advised to update or cancel their Spot Copy Trading portfolios prior to the delisting date to avoid potential losses. Deposits of the affected tokens will not be credited to users' accounts after April 2, while withdrawals won't be supported after June 1. After June 2, Binance may convert the delisted cryptocurrencies into stablecoins on behalf of customers.