Binance USDP withdraw: deadline is 24 November

Binance has delisted the Pax Dollar (USDP) stablecoin. You can withdraw it to your own wallet or another platform until 24 November 2026, 03:00 UTC, which is 04:00 Dutch time. After that, Binance may convert any remaining balance into another stablecoin, but this is not guaranteed. Trading in USDP has not been possible since 24 September.

Binance and USDP in short

• Withdrawals until 24 November 2026, 03:00 UTC. After that moment, Binance no longer supports USDP withdrawals.
• Trading stopped on 24 September 2026, 03:00 UTC. All spot pairs with USDP were closed then.
• Deposits are no longer possible. Deposits are no longer credited after 25 September 2026, 03:00 UTC.
• Remaining balance. On or after 25 November 2026, 03:00 UTC, Binance may convert whatever is left into stablecoins. Binance itself writes that this conversion ‘is not guaranteed’.
• No reason given. The notice names no cause. Binance says nothing about the value of USDP.
• Value. On its own page, Paxos says the reserves are held entirely in cash and cash equivalents, so that USDP can always be redeemed 1:1.
• Mind the hack. Since 29 October, Binance has suspended withdrawals after the biggest theft in crypto so far. For as long as that lasts, you cannot withdraw USDP either.

What Binance announced exactly

Binance published the notice on 10 September 2026 and amended it the same day. It contains four moments, all in UTC:

Between the end of trading and the end of withdrawals there are exactly two months: 61 days. Counted from the notice of 10 September, it is 75 days. At the time of writing, on 31 October, there are 24 days left until the last day for withdrawals.

Binance leaves a lot open about the conversion after 25 November. If Binance carries out that conversion, it will let you know in advance and the stablecoins will be credited afterwards. If converting is not possible, Binance keeps withdrawals open ‘subject to network availability’. Binance does not say which stablecoin you would get or at what rate. The notice also states that after delisting, a coin no longer counts towards your account value: if ‘hide small balances’ is switched on, you may not see your USDP.

What USDP is and what Paxos says

USDP is a stablecoin from Paxos that is pegged to the US dollar. On its own page, Paxos writes that the reserves are held ‘100% in cash and cash equivalents’, that issuance is supervised by the US banking regulator OCC, and that Paxos publishes an attestation report every month. USDP runs on Ethereum and Solana.

So there are a few things you can check for yourself, and one you will not find: the Paxos page mentions neither MiCA nor availability in the EU. For what a stablecoin is, read our explainer on stablecoins. Binance delisting USDP says nothing in itself about its backing: it is a decision by the platform, not a sign that USDP is worth less.

In Europe this fits into a wider picture. On 30 October 2026, Coinbase converts a list of fourteen stablecoins, which includes PAX (the name under which Paxos' dollar coin was previously known), and on 8 October ESMA asked the supervisors to have authorised platforms wind down such tokens within three months at the latest. You can read the whole story in our article on USDT at Coinbase and the ESMA opinion. In its notice, Binance does not link this to MiCA or ESMA.

Why withdrawing now is harder than it looks

On 29 October, according to Binance, about $6.3 billion disappeared from its wallets. Binance halted withdrawals and said on 30 October, in an update from co-CEO Yi He, that it expected to be able to restart withdrawals ‘in the next 48 hours’. According to AMBCrypto, deposits were not affected. At the time of writing, we cannot confirm that withdrawals are running again. You can read the details in our article on the Binance hack.

For USDP, that means two things. There is no reason to wait until 24 November: every day withdrawals are open, you can make them. And if you only withdraw on the last day, you run a risk should there be an outage then. In the notice, Binance mentions no extension if withdrawals have been closed temporarily.

What does this mean for you as a European investor?

You hold USDP at Binance. Withdraw it before 24 November, 03:00 UTC (04:00 Dutch time). Choose a wallet that supports USDP on the same network, Ethereum or Solana, and send a small amount first as a test. How to choose a wallet is covered in our wallet comparison.

You want to move from USDP to euros. There are two routes. You can send USDP to another platform that still supports it, or go back to dollars via Paxos itself, if you have an account there and meet their terms. At the time of writing, we could not check the Paxos terms for European customers, so do not assume anything without checking. Which platforms in Europe hold a MiCA authorisation, you can see in our authorisation register.

You leave it where it is. Then Binance decides what happens after 25 November. It may convert your USDP into another stablecoin, at a rate it does not state, or leave withdrawals open. There is no guarantee.

Tax. A transfer to your own wallet is not a sale in most countries, but a conversion by Binance may be a taxable event in some. This differs from country to country; the overview with sources is in our overview of crypto tax in Europe.

What is not certain yet

• Whether withdrawals at Binance are open again. According to the latest reports, Binance wanted to resume them within 48 hours. We could not confirm that this has happened.
• Which stablecoin you will get after 25 November, and at what rate. Binance does not say.
• Whether Binance will extend the deadline if withdrawals stay closed longer because of the hack. The notice says nothing about it.
• Why Binance is delisting USDP. The notice gives no reason.
• How Paxos treats European customers. The Paxos page mentions neither MiCA nor the EU.

This article is not investment or tax advice. Crypto, including a stablecoin, can fall sharply in value and you can lose your entire investment.

Frequently asked questions

Until when can I withdraw USDP from Binance?

Until 24 November 2026, 03:00 UTC. In the Netherlands that is 04:00. After that, Binance no longer supports USDP withdrawals.

Can I still sell USDP at Binance?

No. Trading in all spot pairs with USDP stopped on 24 September 2026 at 03:00 UTC. Now you can only withdraw.

What happens to USDP I still hold at Binance after 24 November?

On or after 25 November 2026, 03:00 UTC, Binance may convert your USDP into stablecoins. Binance writes that this is not guaranteed and names no coin or rate. If converting does not work, Binance keeps withdrawals open as far as the network allows.

Has USDP lost value?

The Binance notice does not say. Paxos writes that the reserves consist entirely of cash and cash equivalents and that USDP can be redeemed 1:1. That is Paxos' own claim; we could not check it against an independent source.

Sources

Read on 31 October 2026.

• Binance: notice on the delisting of USDP, 10 September 2026.
• Paxos: page on USDP, read on 31 October 2026.
• AMBCrypto: Binance wants to resume withdrawals within 48 hours, 30 October 2026.
• ESMA: opinion ESMA75-113276571-1742, 8 October 2026, point 27.
• CryptoTicker: overview of the USDP deadlines, 10 September 2026, updated 29 September.