Binance, a leading digital asset exchange, has recently announced the delisting of AI crypto spot trading pairs for Ocean Protocol (OCEAN) and SingularityNET (AGIX) tokens. This decision will take effect on July 1, 2024, at 3:00 a.m. (UTC), with deposits and withdrawals suspended at 3:30 a.m. (UTC) on the same day. Binance will also discontinue Trading Bot services for these tokens on the stated date.
Additionally, Binance will support the Ocean Protocol (OCEAN) and SingularityNET (AGIX) token merge to Fetch.ai (FET), under the new project name Artificial Superintelligence Alliance. As part of this transition, Binance will delist all spot trading pairs for OCEAN and AGIX. The specific trading pairs being removed include AGIX/BTC, AGIX/FDUSD, AGIX/TRY, AGIX/USDT, OCEAN/BNB, OCEAN/BTC, OCEAN/TRY, and OCEAN/USDT.
After the trading ceases for these pairs, all trade orders will be automatically removed. Binance Futures will close all positions and conduct an automatic settlement on the OCEANUSDT and AGIXUSDT USDⓈ-M Perpetual Contracts on June 25, 2024, at 9:00 a.m. (UTC). The contracts will be delisted following the completion of the settlement.
Furthermore, Binance Margin will delist the AGIX/BTC, AGIX/USDT, OCEAN/BTC, and OCEAN/USDT cross margin and isolated margin pairs on June 26, 2024, at 6:00 a.m. (UTC). Any OCEAN and AGIX balances in the Cross Margin Wallet under the Portfolio Margin account will be automatically converted to USDT from this date. On July 1, 2024, at 3:00 a.m. (UTC), OCEAN and AGIX will be removed from the list of supported cryptocurrencies on Binance Pay. Additionally, Binance will cease support for the creation of OCEAN or AGIX gift cards on July 28.
In terms of delisting in other services, Binance Auto-Invest will delist OCEAN and AGIX after June 18 at 3:00 a.m. (UTC). Buy & Sell Crypto will also delist OCEAN, AGIX, and all associated pairs on June 20 at 3:00 a.m. (UTC). Lastly, on June 25 at 9:00 a.m. (UTC), Binance Funding Rate Arbitrage Bot will close all arbitrage strategies and conduct an automatic settlement on the OCEANUSDT and AGIXUSDT symbols.
In conclusion, Binance’s decision to delist AI crypto spot trading pairs for Ocean Protocol and SingularityNET tokens is part of a larger move to support the token merge to Fetch.ai under the new project name Artificial Superintelligence Alliance. Traders and users holding OCEAN and AGIX tokens should take note of the delisting schedule and ensure that they have taken necessary actions to protect their assets. Binance’s commitment to providing a secure and efficient trading environment remains a top priority through these transitions.