Binance Announces Removal of Margin Trading Pairs
Binance, a popular cryptocurrency exchange, recently announced plans to delist several margin trading pairs from its platform, according to an announcement on its official website. This process will take effect from 6:00 UTC on May 31, 2024.
Details of delisting
Margin trading pairs scheduled for removal include cross-margin pairs such as MDX/BTC, SEI/TUSD, and SUI/TUSD, and isolated margin pairs including ALPACA/BTC, ARKM/TUSD, CHESS/BTC, MDX/BTC, and SEI. /TUSD and SUI/TUSD.
Additionally, Binance Margin will discontinue Isolated Margin borrowing for the aforementioned Isolated Margin pairs starting May 24, 2024 at 6:00 UTC. By May 31, 2024, the platform will close user positions, make automatic payments, and cancel all pending orders. They are in the corresponding crossed and isolated margin pairs. This pair is then removed from the margin.
Precautions for users
Users are advised that they will not be able to update their positions during the delisting process. Therefore, we strongly recommend that you close your positions or transfer assets from your margin wallet to your spot wallet before stopping margin trading at the stated time. Binance has made it clear that it is not responsible for any potential losses that may arise from this process.
Despite the delisting, users can continue to trade the affected assets on other trading pairs available on Binance Margin. The Platform also reserves the right to modify or cancel this announcement at any time and for any reason without prior notice.
Binance’s announcement is a significant change in the cryptocurrency trading landscape and reflects the platform’s commitment to maintaining a healthy trading environment for its users. Users are advised to stay updated with Binance’s announcements for further developments.
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