Previously, Binance without notice introduced new rules for delisted tokens, which are still in the custody of users of the platform. Now, after some time, the trading floor will be able to convert the coins to other coins of their choice.</nbsp;
Assets previously removed from the list can be stored in Binance wallets for a long time. However,</nbsp;If they are not converted to other assets before the network is fully supported by developers, the coins could get stuck in user accounts;
Therefore, the Binance team has decided to convert such assets into stabelcoins. But this will only happen after notifying users.
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“Based on feedback from community members, we recognize that the wording of the terms of use could be clearer, and will soon update it to clarify: (1) assets must be converted to stable coins and (2) this will only happen after the notice period. So users will be able to opt out of an excluded asset. It doesn’t change our policy, it just clarifies our approach,” the exchange representatives assured.
The crypto exchange changed its terms a week after the U.S. securities regulator issued a list of 13 complaints against Binance and CEO Changpeng Zhao personally. The lawsuit alleges that the company failed to limit access to the trading floor to U.S. customers and “misrepresented critical information by misleading investors about its means of controlling the market.”. The American division of the exchange removed ten trading pairs from its listings amid an SEC lawsuit against Binance;