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Binance to Delist These Five Popular Crypto Trading Pairs: Details
Cryptocurrency exchange giant Binance has announced plans to delist five popular cryptocurrency trading pairs from its margin platform. This move comes as part of the company’s efforts to clean up and reorganize its offerings.
As part of this process, all users are strongly advised to close their positions and/or transfer their assets from margin accounts to spot accounts before February 17th at 6:00 a.m. UTC to avoid potential losses.
In addition to the delisting, Binance will also suspend isolated margin borrowing on certain pairs on February 12th at 6:00 a.m. UTC. This will affect the HMSTR/FDUSD, ILV/BTC, LTO/BTC, MDT/BTC, and SAGA/BTC pairs.
The affected cross and isolated margin pairs will be removed from the Binance Margin platform on February 17th at 6:00 a.m. UTC. During this time, positions will be closed, automatic settlements conducted, and all pending orders canceled.
However, users can still trade these assets on other trading pairs available on the Binance Margin platform.
Source: u.today
