Binance to Remove 1000CHEEMS/USDC, ACX/USDC and Other Margin Pairs on June 26
Summary
- Binance said it will remove the 1000CHEEMS/USDC, ACX/USDC, LA/USDC and T/USDC margin trading pairs starting at 3 p.m. Korea Standard Time on June 26.
- When the pairs are removed, users' cross-margin and isolated-margin positions will be liquidated automatically and all open orders will be canceled.
- Binance advised users to close positions or transfer assets to spot accounts and said it would not be liable for any losses.
Forecast Trend Report by Period
Binance will remove several margin trading pairs on June 26, according to a notice from the global cryptocurrency exchange.
The exchange said June 22 it will remove the 1000CHEEMS/USDC, ACX/USDC, LA/USDC and T/USDC cross-margin and isolated-margin trading pairs starting at 3 p.m. Korea Standard Time on June 26.
Binance will also suspend borrowing for those isolated-margin pairs starting at 3 p.m. Korea Standard Time on June 23, ahead of the removal.
When the pairs are removed, users' cross-margin and isolated-margin positions will be liquidated automatically and all open orders will be canceled. The pairs will then be fully removed from the margin market.
Binance advised users to close positions or transfer assets to spot accounts before trading is halted. It added that position modifications may be restricted for about three hours during the removal process and said it would not be liable for any resulting losses.
The 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.
