Binance Delists ACX, Swap into Equity Offers Two Paths
ACX holders are facing a decision after Binance ended spot trading of the token on August 17, 2026. The exchange also stopped crediting incoming ACX deposits from August 18, 2026, and withdrawals will only be available until October 17, 2026.
The swap into equity is being facilitated by Across Protocol's governance proposal called The Bridge Across. This proposal proposes winding down the existing DAO structure in favor of a US C-corporation, which would hold the protocol's intellectual property and steer development.
Holders have two paths to choose from: a one-to-one swap into shares or a buyback against USDC at $0.04375 per token. The proposal also sets out specific conditions for participating in the swap, including self-custody of the tokens.
Anyone holding more than 5 million ACX can directly swap into shares, while those below this threshold will go through a special purpose vehicle (SPV). There is also a cap on the number of participants, with approximately 100 US and 500 non-US investors allowed to participate through the SPV.