In a new announcement on Thursday, January 19, Binance decided to delist 5 altcoins, including QuickSwap (QUICK) and TomoChain (TOMO).
Binance stops trading on these 5 altcoins
The leading exchange announced that it has decided to delist QuickSwap (QUICK), TomoChain (TOMO), Nexo (NEXO), Polkastarter (POLS) and Alchemix (ALCX) in an official announcement during the day. According to the announcement, a total of 13 trading pairs containing these altcoins are delisted from margin trading:
- Cross Margin Pairs: NEXO/BUSD, NEXO/USDT, POLS/BTC, POLS/BUSD, POLS/USDT, QUICK/BTC, QUICK/BUSD, QUICK/USDT
- Isolated Margin Pairs: ALCX/BTC, NEXO/BUSD, NEXO/USDT, POLS/BTC, TOMO/BTC
According to the announcement, all trading pairs of Nexo (NEXO), Polkastarter (POLS) and QuickSwap (QUICK) will be delisted. TomoChain (TOMO) and Alchemix (ALCX) are only delisted in certain trading pairs. Binance will allow users to trade the specified pairs until January 23. At 09:00 on February 2, all open positions will be automatically closed and paid directly.
Dates and details
Warnings about delist dates and things to do in advance in the official announcement:
- As of 09:00 on January 23, Binance will suspend cross margin borrowing for NEXO/BUSD, NEXO/USDT, POLS/BTC, POLS/BUSD, POLS/USDT, QUICK/BTC, QUICK/BUSD and QUICK/USDT. In addition, ALCX/BTC, NEXO/BUSD, NEXO/USDT, POLS/BTC and TOMO/BTC isolated margin borrowing will also be stopped.
- On February 2, at 09:00, Binance will close user positions, perform an automatic swap, and cancel all pending orders. These pairs will then be removed from the Cross Margin and Isolated Margin list. Users will not be able to update their positions during the delisting process and must close their positions before margin trades expire to avoid any potential losses.
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