Binance Delists Pax Dollar from Spot Trading Platform
Binance has announced that it will be delisting Pax Dollar (USDP) from its spot trading platform, effective September 24. The exchange stated that it periodically reviews listed digital assets based on criteria such as trading volume, liquidity, network security, project development, public communication, token supply changes, and regulatory requirements.
The delisting will also affect deposits, withdrawals, margin positions, and several other exchange services. USDP spot trading will end at 03:00 UTC on September 24, with all pending orders automatically cancelled.
However, users have two months to withdraw their remaining balances, as Binance will continue processing USDP withdrawals until November 24. The exchange may also convert remaining USDP into another stablecoin beginning at 03:00 UTC on November 25, but has not guaranteed the conversion rate.