Binance, a leading cryptocurrency exchange, is implementing significant changes to its trading platforms with upcoming delistings impacting both its Margin and Futures offerings. These strategic adjustments aim to optimize trading options and require immediate attention from users to manage their assets effectively.
Binance Revamps Margin Trading
Effective December 4, at 6:00 a.m. (UTC), Binance Margin will delist twelve unique crypto pairs from its Cross Margin and Isolated Margin platforms. These include prominent pairs like WAXP/BTC, SXP/BTC, ONT/BTC, ZRX/BTC, CHR/BTC, ENJ/BTC, ID/BTC, ONG/BTC, POWR/BTC, AGLD/BTC, and UMA/BTC. The delisting process will involve an automatic settlement of users' positions and cancellation of all pending orders, taking approximately three hours during which position updates will be unavailable.
Key Dates and User Advisory
To prepare for these changes, transfers of the affected trading pairs into Isolated Margin accounts have already been paused. Furthermore, isolated margin borrowing on the specified pairs will be suspended on December 2 at 6:00 a.m. (UTC). Users are strongly advised to close their positions and transfer any assets from their Margin Accounts to Spot Accounts before the December 4 deadline to avoid automatic settlements. In a separate development, Binance Futures also announced the delisting of PONKEUSDT, SWELLUSDT, and QUICKUSDT Perpetual Contracts on November 28, at 9:00 a.m. (UTC), following automatic settlements.
