Binance continues its steps to improve user experience and protect investors trading on the platform. In this context, the exchange will delist some cryptocurrency pairs traded in the spot market and update leverage and margin levels on futures contracts. These changes will come into force on July 19, 2024 and July 18, 2024, respectively, according to the announcements. These updates directly impact all investors using Binance. It is important for users who own delisted cryptocurrencies or have positions in futures contracts to understand how they will be affected by these changes and take the necessary steps.
Binance delists two spot trading pairs
In this article, we will give information about two important announcements in the cryptocurrency exchange Binance. The first of these is the delisting of some cryptocurrency pairs traded in the spot market, and the second is the update of leverage and margin levels in certain cryptocurrency contracts for futures transactions. Binance periodically reviews all listed spot trading pairs in order to protect users and maintain a high-quality trading market. As a result of these evaluations, it may be decided to delist some pairs depending on various factors such as low liquidity and transaction volume. On July 19, 2024 at 07:00 UTC, the following spot trading pairs will be removed from Binance and will not be available for trading:
- ICP/BNB
- MAV/TUSD
Delisting a spot trading pair does not affect the availability of cryptocurrencies in this pair on the Binance Spot market. Users can continue trading using other trading pairs of these coins. Binance will also terminate Spot Trading Bot services for the pairs that will be delisted on the same date and time. Users are strongly advised to update or cancel their Spot Trading Bots to avoid potential losses.
Updates to futures contracts
Binance Futures will update USDⓈ-M Perpetual contracts for the cryptocurrencies listed in the tables below as of 07:30 UTC on July 18, 2024. This update will also affect existing positions. The tables below show the updated leverage and margin levels for ALICEUSDT, GTCUSDT, REEFUSDT, COTIUSDT, ZRXUSDT, RVNUSDT and ALPHAUSDT USDⓈ-M Perpetual contracts.
This update is of great interest to users who have opened positions or already have positions in these futures contracts. It is important for users to understand how their positions will be affected by updates and take risk management steps if necessary. As a result, these announcements by Binance are of great concern to investors trading on the cryptocurrency exchange. The delisting of some pairs traded in the spot market may indicate a lack of interest in these pairs or a low trading volume. Updating leverage and margin levels in futures contracts may require users to reconsider their risk management strategies.
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