Binance to Delist PPT and SWRV Tokens on September 30 2021

Binance, the top crypto exchange by trading volume, announced that it will delist and cease trading on all trading pairs for Populous (PPT) and Swerve (SWRV) tokens on September 30 2021, based on the company’s most recent reviews.

According to the announcement, the exact trading pairs being removed are PPT/BTC, SWRV/BNB and SWRV/BUSD. All trade orders will be automatically removed after trading ceases in each respective trading pair.

The cryto exchange noticed that withdrawals of these coins and tokens will continue to be supported until 2021-12-30 at 0:00 (UTC), while deposits of these tokens after 2021-12-30 0:00 UTC will not be credited to customer’s account.

If customers hold the above tokens as of 2021-12-30 0:00 UTC, Binance will replace them with an equivalent amount of BUSD based on the previous 7-day average closing price, which may take up to two weeks to be processed.

“At Binance, we periodically review each digital asset we list to ensure that it continues to meet the high level of standard we expect,”the company stated.”When a coin or token no longer meets this standard, or the industry changes, we conduct a more in-depth review and potentially delist it. We believe this best protects all our users.”

This week, Binance announced that it will cease offering futures, options, and leveraged tokens to existing Australian users​. Effective from September 24, 2021, existing Australian users will have 90 days to reduce and close their positions for these products.