Binance To Delist Kepple (QLC), Neblio (NEBL), Auto (AUTO)
Binance, one of the world’s largest cryptocurrency exchanges, recently announced that it will delist three tokens – Kepple (QLC), Neblio (NEBL), and Auto (AUTO) – due to a failure to meet the platform’s listing standards. This decision follows the exchange’s periodic review process, which considers various factors such as the team’s commitment to the project, development activity, trading volume, network stability, public communication, and contribution to a healthy crypto ecosystem.
Binance has decided to delist and cease trading on all trading pairs for the following tokens at 2023-04-18 03:00 (UTC): Kepple (QLC) Neblio (NEBL) Auto (AUTO). https://t.co/CpdUCXcofK
— Wu Blockchain (@WuBlockchain) April 11, 2023
Impacts on Trading and Wallets
The delisting of these tokens is set to take effect on April 18, 2023, at 03:00 (UTC). All trade orders will be automatically removed after trading ceases in each respective trading pair. Deposits of these tokens after April 19, 2023, at 03:00 (UTC) will not be credited to users’ accounts. However, withdrawals will continue to be supported until July 18, 2023, at 03:00 (UTC).
Binance Margin will also delist AUTO/USDT, AUTO/BUSD, and AUTO/BTC trading pairs from Isolated Margin on April 17, 2023, at 03:00 (UTC). Users are strongly advised to close their positions and/or transfer their assets from Margin Wallets to Spot Wallets before the cessation of margin trading to avoid any potential losses. Binance Simple Earn, Gift Card, and Pay will also delist these tokens on April 18, 2023, at 03:00 (UTC). Users are advised to redeem their Flexible Products positions beforehand to avoid any inconveniences.
Commitment to Listing Standards
Binance’s decision to delist these tokens is part of its commitment to maintain high listing standards and protect its users from potential losses. It is important for cryptocurrency exchanges to periodically review the tokens listed on their platform to ensure that they continue to meet the required standards. By delisting tokens that no longer meet these standards, exchanges can maintain the integrity of their platform and promote transparency and long-term, sustainable growth of the crypto ecosystem.
Binance’s decision to delist Kepple (QLC), Neblio (NEBL), and Auto (AUTO) is a step towards ensuring that its platform continues to meet high listing standards. Users who hold these tokens are advised to take necessary measures to avoid any potential losses.
