Binance Plans to Remove Ten Margin Pairs – What You Need to Know

Binance, a major name in the cryptocurrency world, has shared some important news for its users. They have made an announcement about delisting ten margin pairs. This change will start from 2023-09-14 at 06:00 (UTC). So, if you're trading on these pairs, it's time to pay attention!

Contents

01

What Are the Affected Pairs？

02

What Changes Are Coming？

03

What Should Users Do？

04

More News on Binance

What Are the Affected Pairs？

The ten margin pairs Binance plans to delist are:

1. ALPHA/BUSD

2. ANT/BUSD

3. BAL/BUSD

4. COS/BTC

5. DGB/BUSD

6. FIRO/BUSD

7. OOKI/BUSD

8. QI/BTC

9. RVN/BUSD

10. TWT/BUSD

What Changes Are Coming？

• Before delisting: Before they take away these pairs, on 2023-09-04 at 06:00 (UTC) Binance Margin (the section of Binance where you can borrow to trade) will stop allowing new loans on these pairs.

• On the day of delisting: On the actual day of the delisting, 2023-09-14, Binance will do a few things. They will close any open tradespeople have on these pairs. They'll also cancel any waiting orders related to them. This is like cleaning up and making sure nothing is left hanging.

What Should Users Do？

If you use Binance and trade on these margin pairs, here's what you should know:

• It's a good idea to close your trades and move your money from Margin Wallets (where you keep money to borrow and trade) to Spot Wallets (a more regular place to keep your assets on Binance).

• Make sure to do this before 2023-09-14 at 06:00 (UTC). If not, there might be some problems, and Binance has said they won't be responsible for any losses that happen.

More News on Binance

There's also something exciting for people in Latin America! Binance has added a new feature called “Send Cash” on their Binance App especially for them to be able to transfer money through the app instantly.

Read the full article below.

Binance's "Send Cash" Service Expands Money Transfers Across Latin America

Send Cash: Binance Revolutionizes Latin America Money Transfers. Instant, cost-effective cryptocurrency transfers for financial inclusion.

News 2023-08-31

Further Reading

If you don't have the Binance App yet and want to keep an eye on all their updates, you can download it from here: https://www.wikifx.com/en/download.html.