Binance Converts Balances of 5 Delisted Altcoins to USDT, Discontinues 'Copy Trade' Services in Europe

AsyouhavebeenfollowingonKriptokoin.com,Binancecontinuestolstanddelistwithoutslowingdown.Inthemeantime,itisalsomakingsomechanges

Binance, the world's largest crypto exchange by trading volume, announced that it has automatically converted 5 altcoins to USDT. The exchange also has a European user With the upcoming MiCA regulation for 2020, it disabled the 'copy trade' services. Binance converted the balances of 5 deleted altcoins to USDT! As you follow from Kriptokoin.com, Binance continues to list and delete new coins without slowing down. In the meantime, it is making some changes in terms of customer satisfaction. In this context, Binance announced today that it automatically converted BEAM, BCD, GO, NSBT and SGB to USDT. The exchange had previously deleted these altcoins. Therefore, it converted the assets of users who did not withdraw their funds from Binance despite the exchange's decision to delete them. In this regard, the exchange made the following statement: Dear Binance users. ,Binance,Beam(BEAM),BitcoinDiamond(BCD),GoChain(GO),NeutrinoSystemBaseToken( NSBT) and Songbird (SGB) completed the conversion of their token balances to USDT. The exchange stated that the conversion of their token balances to USDT was made according to the snapshot on 26.12.202303:00 UTC. Users holding less than 0.01 USDT (according to the average token exchange rate) were not deemed eligible for conversion. Binance, announced that the preliminary conversion was completed on 25.06.202403:00 PMPT. The conversion rates were as follows: Binance is a 'copy trade' in Europe is terminating its services! As of today, European Binance users found a message on their mobile application that the copy trading service is no longer available in their region. Binance had previously warned its users about "Affected Lead Traders and Copy Traders". The exchange advised these users to close their positions in copy trading activities and close their funds27 He recommended that they be transferred to their respective spot wallets by June 2024 at 23:59. After this date, all remaining open positions will be automatically closed at the market price and assets will be transferred to spot wallets. This development came after Binance announced on June 21 the new rules regarding stablecoins that are not approved in the European Union. Starting from June 30, users will not be able to trade stablecoins that do not comply with MiCA rules on Binance's Spot market and in your wallet. will not be able to deposit or withdraw. In this context, the exchange made the following statement: All other stablecoins, especially those without MiCA permission and USDT, will be open for transactions, deposits and withdrawals on Binance, as in Binance's Spot market and in your wallet. In addition, Convert will continue to be offered for sale. Binance will not decommission bustablecoins. Ödülvey The exchange has also changed its reward and referral systems. Spot and margin trading referral commissions will be paid with the exchange's local token, BN, as of June 24 and will no longer be paid with a stablecoin. Accordingly, the exchange offers its European users to review your holdings by the end of June 30 and He recommended that they consider switching to a regulated stablecoin or another digital asset. To stay up to date with the latest developments, follow us on Twitter, Facebook and Instagram and join our Telegram and YouTube channels!

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