Bitcoin Gold

Gold

Monero

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
Binance, the world's largest crypto exchange, has&nbsp;<a href="https://www.binance.com/en/support/announcement/notice-on-the-withdrawals-of-delisted-tokens-conversion-of-selected-tokens-to-usdc-2024-08-12-9ec5cabbc8974a1c8890e1c9d87a98a7?hl=en">announced</a> a thunderous update to its platform, including the exclusion of 15 cryptocurrencies from its quotes. The decision, which takes effect on Sept. 1, 2024, will affect a range of tokens.
Most known among them are Bitcoin Gold, a well-known fork of the original&nbsp;<a href="https://u.today/bitcoin-btc-extreme-fear-returns-following-most-recent-price-drop">Bitcoin</a>, and Monero, a well-known privacy coin and old-timer cryptocurrency. Users holding any of the affected instruments will have until this date to withdraw them from the black-and-yellow platform.
It is important to note that Binance will be converting the remaining holdings of these 15&nbsp;<a href="https://u.today/xrp-golden-cross-secured-hidden-shiba-inu-shib-signal-bitcoin-btc-crucial-60000-resistance-reached">cryptocurrencies</a> into USDC, a stablecoin pegged to the U.S. dollar, to ensure a smooth transition. The conversion process is set to happen between September and March. After that, users will get the same value of their assets in the stablecoin.&nbsp;
<a href="https://u.today/binance-moves-137-billion-shiba-inu-shib-details">Binance</a> says it will send users detailed notifications about the conversion process, including specific exchange rates, by next week.
<h2 dir="ltr" id="why">Why?</h2>
The exchange's decision was justified as part of its ongoing efforts to optimize its platform and provide users with a more focused trading environment. It is possible that, on the one hand, the crypto giant wants to remove those tokens that have no marketability in themselves and are in fact manipulated by their creators.
On the other hand, the exchange has undergone significant regulatory pressure in recent years, and it is also preferable to remove dubious and suspicious assets before they are banned again.

Binance Delists 15 Coins, Bitcoin Gold and Monero Included

Table of Contents

U_Today

Other articles published on Aug 12, 2024

Ripple Wins Key Legal Victory

El Salvador Secures Historic $1.6B Investment to Boost Bitcoin City and Port Development

Trump Revives Presence On X, Reveals New Campaign Ad

What Causes the Decline in Bitcoin? Latest Data Points to Institutional Investors!

SushiSwap notes growing bad debt on defunct Kashi Lending

El Salvador Secures $1.6B Investment for Bitcoin City Port Infrastructure

Join our free newsletter for daily crypto updates!