Bitget to support BinaryX (BNX) token swap and rebranding to Four (FORM)

Bitget will support the BinaryX (BNX) token swap and rebranding to Four (FORM).

Details are as follows:

●  Deposits and withdrawals

○  On March 18, 2025, at 3:30 AM (UTC), deposits and withdrawals for BNX will be suspended.

○  Bitget will notify users in a separate announcement once deposit and withdrawal services for FORM are available after the token swap is completed.

○  Bitget will no longer support deposits and withdrawals of BNX tokens after the token swap.

●  Token swap and rebranding

○  After the token swap, BNX tokens will be rebranded to the ticker "FORM" on Bitget.

○  All BNX balances will be recovered, and FORM tokens will be distributed to eligible users at a 1:1 ratio.

○  The old BNX contract address is as follows:

     BEP20: 0x5b1f874d0b0C5ee17a495CbB70AB8bf64107A3BD

○  The new FORM contract address is as follows: 

     BEP20: 0x5b73A93b4E5e4f1FD27D8b3F8C97D69908b5E284

●  Bitget will handle all technical requirements for users involved in this event.

●  Users may refer to the announcement from the project team for more information.

Spot

●  On March 18, 2025, 3:00 AM (UTC), Bitget will delist the BNX/USDT spot trading pair and cancel all pending spot trade orders.

●    Bitget will terminate trading bots services for the aforementioned spot trading pairs on March 18, 2025, 3:00 AM (UTC). After removal, the system will automatically cancel any pending orders and return the relevant assets to your account. Users will be unable to create any new bots with the delisted trading pairs. Users will no longer be able to publish running bots with the delisted trading pairs to the Recommended section of the bot copy trading page. Bots with the delisted trading pairs that are listed in the Recommended section of the bot copy trading page will be removed. Users are strongly advised to terminate bots with this active trading pair to avoid any potential losses. Thank you for your support and understanding!

●  Bitget will open  FORM/USDT spot trading no later than 1:00 PM (UTC) on March 21, 2025.

Futures

●  Bitget will suspend the opening of new futures positions for BNXUSDT starting from March 14, 2025, 7:00 AM (UTC). The order closing feature, closed orders, and TP/SL of BNXUSDT futures will remain unaffected.

●  Users who still hold BNXUSDT futures positions must close them by March 17, 2025, 7:00 AM (UTC). After this time, Bitget will suspend futures trading for BNXUSDT and cancel all related open orders. Any remaining positions will be settled and closed.

●  Bitget will terminate trading bots services for the aforementioned futures at March 17, 2025, 7:00 AM (UTC). Users should close the relevant orders in advance if they hold bot orders in these trading pairs. The publish and purchase features for the relevant bots will be suspended once the trading pairs are removed from the platform. Upon the removal, the system will automatically cancel any pending bot orders and return the relevant assets to your account. Users will still be able to view the historical data of the relevant bots after the removal.

Spot margin

●  Bitget will remove the BNX/USDT trading pair from spot margin and close trading at 03:00 AM on March 17, 2025 (UTC).

● The details are as follows:

○  Suspension of borrowing and lending features:

○  Bitget has closed borrowing and lending for the relevant trading pair.

○  Positions will be closed and liquidated, and the trading feature will be unavailable.

○  Bitget will automatically close the positions of users still holding positions in the relevant pair at 03:00 AM on March 17, 2025 (UTC), cancel all pending orders in margin accounts for the pair, and liquidate any outstanding liabilities. Margin trading services for the pair will be disabled, and assets will be automatically transferred to the spot account.

○  Users are strongly advised to close positions, cancel orders, repay loans, and transfer funds related to the relevant pairs in advance to avoid potential losses.

Disclaimer

Cryptocurrencies are subjected to high market risk and volatility despite high growth potential. Users are strongly advised to do their research and invest at their own risk. Thank you for your continued support!

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