At Binance.US, we periodically review each digital asset we list to ensure that it continues to meet the standard of excellence we expect. We operate in a rapidly evolving industry and our digital asset monitoring process is designed to be responsive to market and regulatory developments. When a digital asset no longer meets our high standards, or industry circumstances change, we conduct a more in-depth review of the affected asset and assess whether further action is necessary (i.e. delisting).
Based on our review, as Paxos has halted minting of new BUSD tokens, BUSD will be delisted from Binance.US on December 14, 2023.
When we conduct these reviews, we consider a variety of factors. Here are some that contribute to our decision to delist a digital asset:
- Changes in a digital asset token's risk profile
- Contribution to a healthy and sustainable crypto ecosystem
- Trading volume and liquidity
- Regulatory standing in the United States
- Demonstrable progression and growth of development activity
- Changes in the network’s resilience from external or internal attacks
- Network / smart contract stability
- Levels of community engagement
- Evidence of unethical/fraudulent conduct or negligence
- Deposits for BUSD will be closed on December 13, 2023 at 7 p.m. PST / 10 p.m. EST. Deposits for BUSD after this time will not be credited to your account.
- Withdrawals for BUSD will remain open.
- Trading for BUSD on Binance.US will be closed on December 14, 2023 at 7 p.m. PST / 10 p.m. EST. Until then, you may consider trading your BUSD for BTC, ETH, and BNB until the respective BTC/BUSD, ETH/BUSD, and BNB/BUSD pairs are removed on the 14th.
- Please check your balance and any open trade orders to prepare in advance for the delisting. All Advanced Trade orders will be automatically removed after trading ceases for each respective trading pair.
We thank you for your support as we continue to build the crypto ecosystem in a way that promotes security, transparency, and long-term sustainable growth.
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Legal disclaimer: This material has been prepared for general informational purposes only and should NOT be: (1) considered an individualized recommendation or advice; or (2) relied upon for any investment activities. All information is provided on an as-is basis and is subject to change without notice. We make no representation or warranty of any kind, express or implied, regarding the accuracy, validity, reliability, availability, or completeness of any such information. Binance.US does NOT provide investment, legal, or tax advice in any manner or form. The ownership of any investment decision(s) exclusively vests with you after analyzing all possible risk factors and by exercising your own independent discretion. Binance.US shall not be liable for any consequences thereof.
Binance.US reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.