Following Binance’s February announcement that it would delist Monero (XMR) and its finalization later that month, the exchange has now announced its last steps to get the privacy coin off its platform.
In an August 12 blog post, Binance said it will convert the balances of 15 different tokens, including XMR, to USD Coin (USDC) on Sept. 2, 2024. The conversion will be complete and the USDC will be in users’ wallets by Mar. 1, 2025.
The announcement explains that the conversion rate for the assets will be based on their average exchange rate between Sept. 2, 2024 and Mar. 1, 2025.
The affected assets, other than Monero, are Bitcoin Gold (BTG), Bitcoin Standard Hashrate Token (BTCST), Bitshares (BTS), District0x (DNT), Groestlcoin (GRS), Hegic (HEGIC), MobileCoin (MOB), Monetha (MTH), Multichain (MULTI), Navcoin (NAV), Sologenic (SOLO), Spartan Protocol (SPARTA), Symbol (XYM), Tribe (TRIBE).