Binance to Delist AEVO/USDC, Other Margin Trading Pairs
Summary
- Binance said it will delist several margin trading pairs, including AEVO/USDC, ME/USDC and MET/USDC, at 3 p.m. Korea time on June 5.
- At the time of delisting, positions in the affected margin pairs will be liquidated automatically, all open orders will be canceled, and the pairs will be removed from the margin market entirely.
- Binance advised users to close positions and move assets to spot accounts before trading stops, and said it will not be responsible for losses incurred during the delisting process.
Forecast Trend Report by Period
Binance will delist several margin trading pairs.
In a notice posted June 1, the global cryptocurrency exchange said it will remove the AEVO/USDC, ME/USDC, MET/USDC, TAO/USD1, ADA/USD1, UNI/USD1, LINK/USD1 and TRX/USD1 cross-margin pairs, as well as the MET/USDC isolated-margin pair, at 3 p.m. Korea time on June 5.
Binance will also suspend borrowing for the affected isolated-margin pair at 3 p.m. Korea time on June 2, ahead of the delisting.
At the time of delisting, user positions will be liquidated automatically and all open orders will be canceled. The pairs will then be removed from the margin market entirely.
Binance advised users to close positions or transfer assets to spot accounts before trading stops. Position changes may be restricted for about three hours during the delisting process, it added, and losses incurred during that process will be the user's responsibility.
The affected tokens will remain available for trading on Binance through other trading pairs.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
