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Binance to Delist CVC/USDC, RPL/USDC and Other Margin Pairs

Source
Minseung Kang

Summary

  • Binance said it will delist some margin trading pairs.
  • The exchange said it will remove the cross-margin pairs CVC/USDC, RPL/USDC, RVN/USDC and XAI/USDC at 3 p.m. Korea Standard Time on June 19.
  • At the time of the delisting, positions will be liquidated automatically and open orders will be canceled, and Binance said it will not be liable for any losses.

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Photo: Shutterstock
Photo: Shutterstock

Binance will delist several margin trading pairs.

According to a notice posted by the global cryptocurrency exchange on June 15, Binance will remove the cross-margin pairs CVC/USDC, RPL/USDC, RVN/USDC and XAI/USDC at 3 p.m. Korea Standard Time on June 19.

At the time of the delisting, users' positions will be liquidated automatically and all open orders will be canceled. The pairs will then be removed from the margin market.

Binance advised users to close positions or transfer assets to spot accounts before trading is halted. The exchange also said position modifications may be restricted for about three hours during the delisting process and that it will not be liable for any losses resulting from it.

The tokens will remain available for trading on Binance through other trading pairs.

Minseung Kang

Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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