Binance will remove the following tokens from the spot market on August 17 at 03:00 (UTC) as part of our latest project review: Across Protocol (ACX), Hashflow (HFT), PIVX, Vulcan Forged PYR (PYR), Vanar (VANRY), Viction (VIC). All spot trading pairs using the affected assets will no longer be available to trade, and all open orders will be automatically canceled.
According to Binance, this is a result of their asset review mechanism, which assesses listed tokens based on, among other considerations, liquidity, development team activity, network security, project transparency, tokenomics, the development team’s commitment to the project, and regulatory considerations. These criteria are listed on Binance’s official Listing and Delisting FAQ.
The delisting process also comes well ahead of the end of spot trading, as Binance Futures will stop accepting new trades involving the six assets on Aug. 7 and settle any remaining contracts later that same day. Lending products, Binance Pay, Binance Pool and several margin products will also be gradually removed, with margin borrowing for these tokens being suspended earlier to protect users from risk prior to settlement.
Spot Copy Trading and Simple Earn users will also be affected by the announcement. Copy Trading pairs for the six assets will be removed from being traded on 10 August, while Flexible Earn and Locked Earn positions will be redeemed during the same date, with all the principal and accrued rewards credited back to spot wallets.
Of the six affected cryptocurrencies, four (PIVX, PYR, VANRY and ACX) had already received Binance’s Monitoring Tag weeks prior to the delisting, denoting that they were at a higher risk of being delisted and were subject to greater scrutiny by the exchange. Receiving a Monitoring Tag does not necessarily result in delisting, but an increased risk of no longer satisfying Binance’s listing rules.
Across Protocol was additionally under pressure after Coinbase decided to suspend ACX trading in late July, after its team announced they were shutting the token down. The protocol proposed replacing its DAO with a C-corporation based in the United States, which would have been done via an equity swap and USDC▲$0.9999 buyout, though the details and timeline may change.
Another problem for vanar holders is that the Binance exchange, where a substantial amount of the circulating supply was likely held, has confirmed that it will not support migration to the Base blockchain, and users will have to obtain the new token by going through Vanar’s migration portal. However, the exchange will support withdrawals via Ethereum and the Polygon PoS until the migration deadline.
While spot trading ended on Aug. 17, withdrawals were still active until Oct. 17. Binance also said that balances remaining after Oct. 18 may be automatically converted into stablecoins if the token is compatible, but this is not guaranteed. The delay gives investors time to withdraw funds or migrate their assets and rebalance their portfolios before the six tokens are removed from the exchange.