Bitcoin Exchange Binance Announced That It Will Cancel All Buy-Sell Orders in This Altcoin! Here’s Why

Bitcoin Exchange Binance Declares Plan to Cancel All Pending Orders for This Particular Altcoin! Here’s the Reason Behind It

Binance recently made an announcement regarding support for the forthcoming Render (RNDR) token swap and the subsequent rebranding to Render (RENDER). This process will involve the removal of existing RNDR trading pairs and the introduction of new RENDER trading pairs.

Binance Will Facilitate Render (RNDR) Token Swap, Rebranding it as Render (RENDER)

Key Dates and Actions:
On July 22, 2024, at 06:00, Binance will delist all existing trading pairs for RNDR (including RNDR/BTC, RNDR/USDT, RNDR/FDUSD, RNDR/USDC, RNDR/TRY, RNDR/EUR, and RNDR/BRL) and cancel all pending RNDR spot trading orders.

On July 22, 2024, at 06:30, deposits and withdrawals for Render (RNDR) will be temporarily suspended. Users are advised to ensure the completion of RNDR deposits before this deadline.

On July 26, 2024, at 11:00, trading for the new RENDER pairs will commence (including RENDER/BTC, RENDER/USDT, RENDER/FDUSD, RENDER/USDC, RENDER/TRY, RENDER/EUR, and RENDER/BRL).

Further Details:
The exchange rate for the token swap will be 1:1, with RNDR tokens being exchanged for RENDER tokens.

After the token swap, Binance will no longer support RNDR deposits and withdrawals.

Binance will fulfill all necessary technical requirements for a smooth token swap process.

Important Information for Users:
All RNDR spot trading pairs will cease to exist at 06:00 on July 22, 2024.

Specifically, the delisted pairs will be RNDR/BTC, RNDR/USDT, RNDR/FDUSD, RNDR/USDC, RNDR/TRY, RNDR/EUR, and RNDR/BRL.

Users’ spot trading orders will automatically be removed once trading is discontinued.

Trading Bot services related to the aforementioned RNDR pairs will end at 06:00 on July 22, 2024. Users are strongly advised to update or cancel their Trading Bots to prevent potential losses.

Spot Copy Trading will delist the specified RNDR pairs at 06:00 on July 21, 2024. The remaining pairs will be sold at the market price after this time.

Users are advised to update or cancel their Spot Copy Trading portfolios before the deadline to avoid any potential losses.

Binance will issue a separate announcement once the entire event is concluded. For more specific details, users can refer to the official announcement by the project team.

*Note: This announcement does not constitute investment advice.