Binance confirmed it will stop supporting several privacy coins and non-AED fiat currencies as it moves users in the United Arab Emirates (UAE) to its Dubai-based exchange, Binance FZE.
The transition process starts on April 25, 2025. From this date, users moved to Binance Dubai cannot trade or hold certain privacy-focused tokens or non-AED fiat currencies on that specific platform.
Assets Being Removed from Binance FZE
Privacy tokens being delisted for FZE users include Dash (DASH), Decred (DCR), Zcash (ZEC), and Monero (XMR). A number of fiat currencies will also be unsupported for operational reasons, among them the Euro (EUR), British Pound (GBP), Japanese Yen (JPY), and Turkish Lira (TRY).
The announcement notes users can continue to manage and convert these assets on the global Binance platform up until their accounts are migrated to FZE. Once the switch happens, withdrawal of the affected privacy tokens remains possible until June 8, 2025. Withdrawals of unsupported fiat currencies stop immediately upon a user’s transition to the FZE platform.
Context: This isn’t just a regional tweak; it reflects a wider global trend where major exchanges increasingly cut privacy coin support to meet strict jurisdictional regulations like VARA’s, pushing privacy-focused users and liquidity towards less regulated platforms.
Trading Access and Platform Changes on FZE
After users migrate to FZE, several Binance features will work differently. Trading for the affected tokens and currencies on Spot and Convert stops starting April 25. All related open orders, including those run through Trading Bots or Copy Trading, will be canceled by June 8. Any remaining balances in unsupported assets on FZE will be automatically converted to USDT after that date.
Related: Binance to Delist Bluzelle (BLZ) and WazirX (WRX) on Christmas Day
Futures trading for Monero, Dash, and Zcash contracts enters a closure phase starting June 8 on FZE. New positions won’t be allowed, and open positions will be gradually settled. Margin trading accounts are also affected, with positions set to be closed, liabilities repaid, and pending orders canceled as part of the delisting process. Users are advised to close positions or transfer assets to spot wallets before trading stops.
Related: Binance’s Red Flag: Why These Altcoins Could Be Delisted Soon
Other affected services include Binance Simple Earn, which will halt new subscriptions and redeem active ones (plus rewards) to users’ spot accounts after June 8. Users also cannot start new flexible or VIP loan orders using unsupported assets, and existing loans using these assets must be repaid to avoid automatic closure.
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