Binance recently made an announcement stating that they have removed three altcoin pairs from their Margin trading platform.
Binance, a cryptocurrency exchange, has announced the delisting of several altcoin pairs from its Margin trading platform. Specifically, the JASMY/BTC Cross margin pair, as well as the AMP/BTC, JASMY/BTC, and STMX/BTC Isolated margin pairs, will be delisted starting from May 24th, 2023, at 9:00 AM.
Binance, a cryptocurrency exchange, has removed the altcoin pairs JASMY/BTC, AMP/BTC, JASMY/BTC, and STMX/BTC from its Margin trading platform.
Starting from May 18, 2023, at 09:00, Binance Margin will introduce measures and timelines to support the delisting process. This means that borrowing options for AMP/BTC, JASMY/BTC, and STMX/BTC on the isolated margin will be temporarily suspended.
Users are encouraged to take note of this temporary suspension and make any necessary adjustments to their trading strategy accordingly.
Starting from 2023-05-24 09:00, Binance Margin will proceed with closing users’ positions, conducting automatic settlements, and canceling any pending orders related to the AMP/BTC, JASMY/BTC, and STMX/BTC isolated margin pairs.
Additionally, these pairs will be taken off from the Isolated Margin. Furthermore, the JASMY/BTC cross margin pair will be removed from the Cross Margin simultaneously.
Removing trading pairs from the list is a usual occurrence in the cryptocurrency world and can occur due to different factors like limited trading activity or shifts in market circumstances.
Binance Margin frequently reviews trading pairs to ensure the optimal trading experience for its users.
It is crucial for users to stay informed about the delisting and suspension timelines to prevent any interruptions in their trading activities.
Traders are advised to close their positions and cancel any pending orders linked to the affected trading pairs before the specified date to avoid any inconvenience.
Traders are encouraged to stay updated with Binance Margin’s official announcements for the latest information and updates regarding delisting, suspensions, and other related matters.
This information is for general knowledge only and should not be considered as advice for investing or making financial decisions.