Binance. US to remove SPELL and TRX

On April 12th, Binance. US announced on Twitter that it will take off Spell (SPELL) and TRON (TRX) on April 18th, 2023. SPELL and TRX deposits on Binance. US will be closed at 19:00 PDT on April 17th (10:00 Beijing time on April 18th). SPELL or TRX deposits after this time will not be credited to the account. SPELL and TRX withdrawals will remain open.

Binance. US to remove SPELL and TRX

* Introduction
* What is Binance?
* What is Spell (SPELL) and TRON (TRX)?
* Why is Binance US delisting SPELL and TRX?
* What should Spell (SPELL) and TRON (TRX) holders do?
* Conclusion
* FAQs
# Article
**On April 12th, Binance US announced on Twitter that it will take off Spell (SPELL) and TRON (TRX) on April 18th, 2023. SPELL and TRX deposits on Binance US will be closed at 19:00 PDT on April 17th (10:00 Beijing time on April 18th). SPELL or TRX deposits after this time will not be credited to the account. SPELL and TRX withdrawals will remain open.**

Introduction

Cryptocurrency exchange platforms often face challenges from regulatory bodies, which results in delisting certain cryptocurrencies from their trading lists. Binance is no exception, and recently, Binance US announced the delisting of two cryptocurrencies: SPELL and TRX.

What is Binance?

Binance is the world’s largest cryptocurrency exchange platform by trading volume. It offers a wide range of trading pairs that allow users to trade their cryptocurrencies for other cryptocurrencies or fiat currencies.

What is Spell (SPELL) and TRON (TRX)?

SPELL is a cryptocurrency token that runs on the Ethereum blockchain. It is the native token of the Spell platform, which provides decentralized finance (DeFi) services.
TRON, on the other hand, is a blockchain platform that aims to create a decentralized internet. It allows developers to build decentralized applications (dApps) and provides a platform for content creators to monetize their content.

Why is Binance US delisting SPELL and TRX?

Binance US stated that the decision to delist SPELL and TRX is due to the platforms’ commitment to providing a safe and compliant trading environment for its users. The platform stated that it periodically reviews all cryptocurrencies listed on its platform, and if a cryptocurrency does not meet their standards, it may be delisted from the trading list.

What should Spell (SPELL) and TRON (TRX) holders do?

If you are a Spell (SPELL) or TRON (TRX) holder on Binance US, you should withdraw your tokens before the April 18th delisting deadline. After the deadline, you will not be able to make deposits or trades with the tokens.
It is essential to note that the delisting of SPELL and TRX on Binance US does not affect the tokens’ existence or trading on other platforms. If you wish to continue trading the tokens, you can do so on other exchange platforms that support them.

Conclusion

Binance US’s decision to delist SPELL and TRX is a reminder to cryptocurrency traders and holders of the importance of regulatory compliance. While the delisting may cause temporary inconveniences to holders, it is vital to adhere to platforms’ standards to ensure a safe and secure trading environment.

FAQs

**1. Can I still withdraw my Spell (SPELL) or TRON (TRX) tokens from Binance US after the delisting deadline?**
Yes, you can still withdraw your tokens after the delisting deadline. However, you will not be able to make deposits or trades with them on Binance US.
**2. Why did Binance US choose to delist SPELL and TRX?**
Binance US delisted SPELL and TRX due to its commitment to providing a safe and compliant trading environment for its users. The platform periodically reviews all cryptocurrencies listed on its platform, and if a cryptocurrency does not meet its standards, it may be delisted from the trading list.
**3. Can I still trade Spell (SPELL) and TRON (TRX) on other platforms after the delisting on Binance US?**
Yes, the delisting of SPELL and TRX on Binance US does not affect their existence or trading on other platforms. You can continue trading the tokens on other exchange platforms that support them.