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Poloniex Announcement on the Delisting and Exchange of BUSD and USDP Assets

Dear Poloniex Users,

 

Poloniex will delist BUSD and USDP assets and support the exchange of BUSD and USDP assets for TUSD assets at a 1:1 ratio. The specific arrangements are as follows:

  • The platform will suspend the deposit service for BUSD and USDP tokens at 03:00 (UTC) on April 21, 2023.
  • The platform will stop and delist the BUSD/USDT, BNB/BUSD, BTC/BUSD, and USDP/USDT trading pairs at 03:00 (UTC) on April 27, 2023. All pending orders will be canceled.
  • The platform will suspend the withdrawal service for BUSD and USDP tokens at 06:00 (UTC) on May 5, 2023.
  • After the withdrawal service is closed, the platform will take a snapshot of users' BUSD and USDP assets and exchange them for TUSD assets at a 1:1 ratio. Users do not need to take any action during the asset exchange process. After the exchange is completed, the platform will delist BUSD and USDP assets.

 

Please note:

  • After the withdrawal function is closed, the balance of users' TUSD tokens can be changed at any time. Rest assured that your assets are safe.
  • The BUSD and USDP assets in users' account wallets will be automatically converted to TUSD tokens at a 1:1 ratio after the exchange is completed. The wallet page will only display TUSD token assets (the amount of newly added TUSD assets = the amount of BUSD + USDP assets).
  • If there are any changes in the schedule or other adjustments, please refer to the latest announcement.

 

Poloniex Team

April 20, 2023

 

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Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. You are solely responsible for your investment decisions and Poloniex is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. We are committed to providing users with a service that is safer, more efficient, and more reliable for the trading of digital assets.

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