Binance Announces Removal of Certain AI Cryptocurrency Spot Trading Pairs – Find Out Why

Binance, a top-tier cryptocurrency exchange, has publicized the removal of certain AI token spot trading pairs, including Ocean Protocol (OCEAN) and SingularityNET (AGIX).

In a recent statement, Binance has determined that trading for all associated spot pairs for OCEAN and AGIX will be discontinued on July 1, 2024, at 3:00 a.m. (UTC). Activities like deposits and withdrawals for these tokens will also be halted on the same day at 3:30 a.m. (UTC).

Furthermore, Binance is set to end Trading Bot services for these specific spot trading pairs at the same time.

The decision aligns with Binance’s support for the token merger between Ocean Protocol (OCEAN) and SingularityNET (AGIX) into Fetch.ai (FET), under the fresh title Artificial Superintelligence Alliance.

The precise trading pairs to be withdrawn are AGIX/BTC, AGIX/FDUSD, AGIX/TRY, AGIX/USDT, OCEAN/BNB, OCEAN/BTC, OCEAN/TRY, and OCEAN/USDT.

Post-trade cessation, Binance will automatically cancel all open orders in respect to the respective trading pairs.

Binance Futures aims to liquidate and demobilize the OCEANUSDT and AGIXUSDT USDⓈ-M Perpetual Contracts, setting a date for closure on June 25, 2024, at 9:00 a.m. (UTC), followed by a delisting post-settlement.

Specifics on Delisting

Binance Margin has scheduled the delisting of cross and isolated margin pairs including AGIX/BTC, AGIX/USDS, OCEAN/BTC, and OCEAN/USDT for June 26, 2024, at 6:00 a.m. (UTC). Any OCEAN and AGIX balances within the Cross Margin Wallet under the Portfolio Margin account will automatically convert to USDT from that date forward.

As of July 1, 2026, at 3:00 a.m. (UTC), OCEAN and AGIX will cease to be accepted on the Binance Pay platform. Additionally, the crafting of gift cards for OCEAN or AGIX will terminate on July 28.

Post-June 18 at 3:00 a.m. (UTC), Binance Auto-Invest will exclude OCEAN and AGIX, and by June 20 at 3:00 a.m. (UTC), the Buy & Sell Crypto service will eliminate OCEAN, AGIX, and all related trading pairs.

Furthermore, on June 25, at 9:00 a.m. (UTC), Binance Funding Rate Arbitrage Bot will turn off all related arbitrage strategies and run an automatic settlement for the OCEANUSDT and AGIXUSDT trading symbols.

Author Information