Binance Margin stops borrowing on six margin pairs and will delist them on June 19, 2023. The actions of the exchange will lead to the automatic closing of user positions.
Latest
Binance Margin warned of delisting six margin pairs
.
According to Binance Margin’s official notice, the margin trading platform will exclude the margin pairs BNT/BUSD, CVX/BTC, POLS/BUSD, POWR/BUSD, STPT/BUSD and STRAX/BUSD. Binance Margin will close user positions, perform automatic settlement, and cancel all pending orders on June 19, 2023 at 06:00 (UTC). Beginning June 13, 2023, Binance Margin will stop borrowing for the pairs listed in the notice.
Platform users are advised to independently close positions and transfer assets from margin wallets to spot wallets before trading ceases. This is because not only will they not be able to update their positions during the delisting process, but they could potentially incur losses for which Binance will not be held liable.
Amid SEC lawsuits against cryptocurrency exchanges Binance and Coinbase, Robinhood said it intends to review the list of assets available for users to trade on the platform.