Important Binance Announcement Concerning Ukrainian Users: What’s Happening?

The actual removal will take place on September 28. The world’s largest cryptocurrency exchange announced a delisting move that will primarily affect its Ukrainian clients. Binance has been making headlines lately amid regulatory challenges in the European Union, and reports say US prosecutors have been examining alleged Iran-linked trading on the platform. The Latest Announcement Binance revealed that it will close UAH deposits and withdrawals via Fiat Trade UAH and delist the USDT/UAH spot trading pair. These services will no longer be supported after September 28. “All open orders on the USDT/UAH Spot trading pair will be automatically removed after trading ceases. Users are advised to manage their UAH balances and open orders before the above deadlines,” the company clarified. The exchange also said it will automatically convert all remaining UAH balances to USDT by September 30. No action is required from users who choose this option. UAH is the symbol for the Ukrainian hryvnia, the official currency of the Eastern European country. The move is likely to disappoint some of the local users, as it means one less gateway between the domestic financial system and the crypto market...