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      Bitfinex to Delist 10 Trading Pairs & Halt Deposits and Withdrawals of Offshore Chinese Yuan (CNH)

      Bitfinex will delist 10 trading pairs. The removal of these pairs will serve to consolidate and improve liquidity on Bitfinex, leading to a more streamlined trading experience for our customers.

      The 10 trading pairs listed below will cease trading from 05/11/2024 at 10:00 AM UTC:

      • The following tokens against Bitcoin (BTC): Polkadot (DOT/BTC) and VeChain (VET/BTC)
      • The following tokens against Tether tokens pegged to the US Dollar (USDt): Boson Protocol (BOSON/USDt), Suku (SUKU/USDt) and VeChain (VET/USDt)
      • The following tokens against Tether tokens pegged to the offshore Chinese Yuan (CNHt): Bitcoin (BTC/CNHt) and offshore Chinese Yuan (CNH/CNHt)
      • The following tokens against Tether tokens pegged to the Mexican Peso (MXNt): Bitcoin (BTC/MXNt) and Ethereum (ETH/MXNt)
      • The following token against Euro (EUR): Tether tokens pegged to the Euro (EURt/EUR)

      From 31/10/2024 at 10:00 AM UTC, customers will only be able to reduce their open positions in the margin pair DOT/BTC. We would like to remind our customers to cancel any open orders in the above trading pair before 05/11/2024 (Tuesday). All remaining open orders will be cancelled by the system, and we will force settle all open margin positions on 05/11/2024 at 10:00 AM UTC.

      Please note that fiat deposits and withdrawals for the offshore Chinese Yuan (CNH) are closed as of today. Customers will have the ability to trade their CNH balances until 05/11/2024 at 10:00 AM UTC. After this deadline, Bitfinex will automatically convert all remaining CNH balances to Tether tokens pegged to the US Dollar (USDt). The CNH conversion will occur directly with Bitfinex and will not be placed in the Trading Orderbook. Bitfinex will use the market price at the time of conversion and will take a five percent (5%) conversion fee. Bitfinex may conduct such conversion at such times as Bitfinex determines.

      Please note that the underlying tokens have not been delisted and are still available for trading on Bitfinex against other assets.

      Read the original article at bitfinex

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