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Cryptocurrency News Articles

Binance Officially Supports the Standard Tokenization Protocol (STPT) Token Swap and Rebranding to AWE Network (AWE)

May 07, 2025 at 02:53 pm

This shift represents a major transition for STPT holders as Binance aligns with the project's evolving roadmap. On May 19, 2025, STPT trading pairs will be removed

Binance Officially Supports the Standard Tokenization Protocol (STPT) Token Swap and Rebranding to AWE Network (AWE)

Binance, a leading cryptocurrency exchange, is supporting the Standard Tokenization Protocol (STPT) token swap and rebranding to AWE Network (AWE). This shift will see STPT trading pairs removed and AWE/USDT & AWE/BTC pairs go live.

Here's a summary of the key dates and actions required from users:

* STPT spot trading pairs (STPT/USDT and STPT/BTC) will be removed on May 19.

* STPT deposits and withdrawals will be suspended on May 15 and May 19, respectively.

* AWE/USDT and AWE/BTC trading pairs will open on May 21.

* Binance will perform the token swap at a 1:1 ratio and handle all technical aspects of the transition.

* After the swap, STPT will no longer be supported for withdrawal, and all trading will continue under the AWE token listing.

The STPT token will be fully removed from Binance's ecosystem, and users are advised to cancel their trading bots and spot copy trading portfolios to avoid potential losses.

The complete timeline and service changes are as follows:

* May 9: STPT borrowing service on Binance Margin will be shut down.

* May 13: Convert and Buy Crypto service will delist STPT.

* May 14: STPT will be removed from Cross and Isolated Margin, and Binance Loans will shut down all STPT positions.

* May 15: STPT will be removed from Binance Pay.

* May 16: All STPT Simple Earn Flexible Products will be redeemed, and users can resubscribe to AWE assets.

* May 19: STPT gift card support will end. Users are advised to redeem any unclaimed gift cards and convert their remaining STPT to another asset in order to avoid holding dust.

* May 21: AWE trading pairs will open on Binance.

This change also affects users participating in the Binance Margin and Earn programs. Those using Portfolio Margin must keep track of their open positions and ensure sufficient balances to avoid liquidation. All users are advised to migrate their assets to Spot Accounts as soon as possible.

Binance will provide full backend support for the STPT to AWE token swap, and users will not need to take any manual action other than managing their open orders and loans.

As Binance continues to expand its offerings, the exchange is also introducing new AWE staking programs and other crypto assets to its platform.

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Other articles published on May 08, 2025