Bitcoin exchange Binance made the announcement that it will be removing altcoin Parity from its margin trading options. The delisting is scheduled to take place at 9:00 AM on June 19, 2024.
In preparation for the delisting, Binance will suspend isolated margin borrowing for the LINA/BTC pair at 1:00 PM on June 18, 2024. On the delisting day, Binance will close users’ positions, perform automatic settlement, and cancel all pending orders for LINA/BTC Cross and Isolated Margin pairs. These pairs will then be removed from the Margin trading platform.
Binance advises users to close their positions and transfer their assets from Margin Wallets to Spot Wallets before 9:00 AM on June 19, 2024.
Although the LINA/BTC pair will be delisted from margin trading, users can still continue trading LINA on other available trading pairs on Binance Margin.
It is important to note that users will not be able to update their positions during the delisting process. Hence, users are strongly advised to take action before the deadline to avoid any potential losses. Binance will not be held responsible for any losses incurred due to the delisting process.
For further information and updates, users are encouraged to refer to Binance’s official announcements and support channels.
Please note that this information is not to be considered as investment advice.