Binance Delists Four Tokens: ALCX, ARDR, NFP, POND – What Holders Need to Know

Binance will remove four cryptocurrencies from its platform on July 10, the exchange said in a statement. The tokens affected are Alchemix (ALCX), Ardor (ARDR), NFPrompt Token (NFP) and Marlin (POND). Binance said the delisting followed its regular review process, which considers factors such as trading volume, network stability and community engagement.

The timeline is staggered. Spot trading pairs for the four tokens will cease at 03:00 UTC on July 10. Deposits of ALCX, ARDR, NFP and POND will no longer be credited to user accounts after July 11 at 03:00 UTC. Withdrawals remain open until September 9 at 03:00 UTC. After that, any remaining tokens held on Binance will be converted into stablecoins on September 10 at 03:00 UTC.

Futures traders face an earlier deadline. Binance Futures will close all positions and conduct automatic settlement on the contracts of the four tokens on July 2 at 09:00 UTC. New positions cannot be opened after 08:30 UTC the same day. Binance Simple Earn will delist the tokens after July 3 at 07:00 UTC. Binance Convert, Pay and Pool will also stop supporting the tokens on various dates in early July.

The delisting is a routine housekeeping move for Binance, which periodically removes tokens that fail to meet its listing criteria. For holders of ALCX, ARDR, NFP or POND, the practical risk is straightforward: tokens left on the exchange after the withdrawal deadline will be forcibly converted to stablecoins at an unknown rate. Anyone holding these assets should move them to a private wallet or another exchange before September 9.

The conversion to stablecoins will occur on September 10 at 03:00 UTC. No further details on the conversion rate or the specific stablecoin have been provided.