Binance to Delist Seven Margin Trading Pairs Including CYBER/USDC
Summary
- Binance said it will delist margin trading pairs including CYBER/USDC, DOLO/USDC, PIXEL/USDC and STEEM/USDC starting at 3 p.m. Korea time on July 24.
- At the time of delisting, all cross-margin and isolated-margin positions will be liquidated automatically, open orders will be canceled, and position modifications may be restricted for about three hours.
- Binance advised users to close positions or move assets to their spot accounts before trading is halted and said it will not be responsible for any resulting losses.
Forecast Trend Report by Period
Binance will delist several margin trading pairs.
The global cryptocurrency exchange said in a notice on July 20 that it will remove the cross-margin pairs CYBER/USDC, DOLO/USDC, PIXEL/USDC and STEEM/USDC, as well as the isolated-margin pairs DOLO/USDC, PIXEL/USDC and STEEM/USDC, starting at 3 p.m. Korea time on July 24.
Before the delisting, Binance will suspend borrowing for the isolated-margin pairs DOLO/USDC, PIXEL/USDC and STEEM/USDC starting at 3 p.m. Korea time on July 21.
At the time of delisting, users' cross-margin and isolated-margin positions will be liquidated automatically, and all open orders will be canceled. The trading pairs will then be removed entirely from the margin market.
Binance advised users to close positions or move assets to their spot accounts before trading is halted. Position modifications may also be restricted for about three hours during the delisting process, it said, adding that it will not be responsible for any resulting losses.
The assets 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.