Binance, one of the world’s leading digital asset exchanges, has announced the delisting of AI cryptocurrency spot trading pairs specifically for the Ocean Protocol (OCEAN) and SingularityNET (AGIX) AI tokens.
Binance, one of the world’s leading digital asset exchanges, has announced the delisting of AI cryptocurrency spot trading pairs specifically for the Ocean Protocol (OCEAN) and SingularityNET (AGIX) AI tokens.
According to an official advertisement, Binance will delist and cease trading all spot trading pairs for OCEAN and AGIX on July 1, 2024 at 3:00 am (UTC). Deposits and withdrawals from Ocean Protocol (OCEAN) and SingularityNET (AGIX) will be suspended on July 1, 2024 at 3:30 am (UTC).
Binance will also end Trading Bot services for the aforementioned spot trading pairs on the said date.
The decision comes as Binance announces its support for the merger of Ocean Protocol (OCEAN) and SingularityNET (AGIX) tokens with Fetch.ai (FET), using the new project name Artificial Superintelligence Alliance.
The exact trading pairs that will be removed are AGIX/BTC, AGIX/FDUSD, AGIX/TRY, AGIX/USDT, OCEAN/BNB, OCEAN/BTC, OCEAN/TRY and OCEAN/USDT.
Tomiwabold OlajideAccording to Binance, all trading orders will be automatically deleted once trading ceases in each respective trading pair.
Additionally, Binance Futures will close all positions and perform automatic liquidation on the OCEANUSDT and AGIXUSDT USDⓈ-M perpetual contracts on June 25, 2024 at 9:00 am (UTC). Contracts will be delisted once the deal is completed.
Exclusion details
Binance Margin will delist AGIX/BTC, AGIX/USDT, OCEAN/BTC and OCEAN/USDT cross margin and isolated margin pairs on June 26, 2024 at 6:00 am (UTC). All OCEAN and AGIX balances in Cross Margin Wallet under the Portfolio Margin account will be automatically converted to USDT from this date.
On July 1, 2024, at 3:00 am (UTC), Binance will remove OCEAN and AGIX from the list of supported cryptocurrencies on Binance Pay. On July 28, Binance will no longer support the creation of OCEAN or AGIX gift cards.
Tomiwabold OlajideBinance Auto-Invest will delist OCEAN and AGIX after June 18 at 3:00 am (UTC). On June 20 at 3:00 am (UTC), Buy & Sell Crypto will delist OCEAN, AGIX and all associated pairs.
On June 25 at 9:00 am (UTC), Binance Funding Rate Arbitrage Bot will close all arbitrage strategies and perform automatic liquidation on the symbols OCEANUSDT and AGIXUSDT.
