Binance, a leading cryptocurrency exchange, has announced that a number of margin trading pairs will be removed from its platform.
Binance Announces Margin Trading Pairs Removal on November 27
The changes will come into effect on 27 November 2024 at 09:00 UTC and will impact both Cross Margin and Isolated Margin trading.
Margin Trading Pairs Affected
Cross Margin Pairs:
C98/BTC
IDEX/BTC
Isolated Margin Pairs:
C98/BTC
FIS/BTC
IDEX/BTC
MBOX/BTC
REN/BTC
PTT/BTC
Important Dates and Details
Manual and Automatic Transfer Mode will be disabled for transferring assets related to affected pairs to Isolated Collateral accounts.
Users with outstanding liabilities for these tokens may only transfer amounts up to their liabilities, minus their existing collateral. Isolated margin lending for the affected pairs will be suspended.
Binance will close all open positions, perform auto-reconciliations, and cancel pending orders on the affected pairs. The pairs will then be completely removed from Margin trading.
Binance advises users to close their positions and transfer their assets from Margin Wallets to Spot Wallets before the final delisting date to avoid potential losses.
Following the delisting, users can continue to trade these assets using other available trading pairs on Binance Margin.
Disclaimer
The information provided in this article is only for educational and informational purposes and should not be considered financial or investment advice. We are not licensed financial advisors. Always conduct your research and seek guidance from a certified financial professional before making any investment decisions.
