Key Points
- Binance will remove the trading pairs for AMB, CLV, STMX, and VITE on February 24 at 03:00 (UTC).
- The coins experienced significant price drops following the announcement.
Today, Binance announced the delisting of four new projects later this month. These include the following:
- AirDAO (AMB)
- CLV (CLV)
- StormX (STMX)
- VITE (VITE)
Binance Delisting Details
The crypto exchange revealed that it will delist the following trading pairs:
- AMB/USDT
- CLV/BTC
- CLV/USDT
- STMX/TRY
- STMX/USDT
- VITE/USDT
The trading pairs mentioned above will be delisted on February 24 at 03:00 (UTC).
Binance decided the delisting of these projects following a periodical review as they no longer meet standards and industry requirements. The crypto exchange conducts these reviews to ensure the best services and protection for users.
Other important details revealed by the exchange in its official notes include the following:
- Deposits of the coins after February 25 03:00 (UTC) will not be credited to user accounts.
- Withdrawals of the tokens from the crypto change will not be supported after April 24 03:00 (UTC).
- Delisted tokens may be converted into stablecoins on users’ behalf after April 25 03:00 (UTC).
- Binance Futures will close all positions and conduct an automatic settlement on futures contracts for AMB and STMX on February 21 at 09:00 (UTC).
- Binance Funding Rate Arbitrage Bot will close all arbitrage strategies and conduct an automatic settlement on SMBUSDT and STMXUSDT on February 20 at 05:30 (UTC).
- Binance Simple Earn will delist the tokens after February 21 03:00 (UTC).
- Binance VIP Loan will close all outstanding loan positions for the four tokens on February 20 at 03:00 (UTC).
- Binance Margin will delist the tokens from Cross and Isolated Margin on February 20 at 06:00 (UTC).
- Binance Convert will delist the tokens on February 24 at 02:00 (UTC).
- Binance Auto Invest will delist the tokens on February 19 at 03:00 (UTC).
- Binance Gift Card will deliver the tokens on February 24 at 03:00 (UTC).
- Binance Pay will delist the coins on February 20, at 03:00 (UTC).
Also, Binance will terminate the Trading Bots services for the coins on February 24, at 03: 00 (UTC).
The coins recorded price drops following the crypto exchange’s announcement.
AMB, CLV, STMX and VITE Prices Dropped
VITE experienced the biggest price drop today of over 42% following Binance’s announcement. Now, the coin has a market cap of over $5 million.
STMX also recorded a price drop of almost 9%, while CLV is down by over 9% today and AMB‘s price dropped by over 34%.
- VITE (VITE) is a Directed Acrylic Graph (DAG) based smart-contract platform.
- StormX (STMX) is a crypto solution to reach worldwide markets – it’s a mobile app and browser extension that brings users cashback in crypto for online purchases.
- Clover Finance (CLV) is a blockchain that provides an EVM-compatible framework for Substrate-based apps.
- AirDao (AMB) is a decentralized autonomous organization governing the AMB-NET blockchain and its network of dApps.
Before delisting certain projects, Binance conducts reviews that include team commitment, development activity, trading volume and liquidity, network stability and safety, and regulatory requirements among others.
