The world's largest cryptocurrency exchange, Binance, has revealed plans to remove six trading pairs in an effort to improve its trading environment. The decision, outlined in an official announcement, reflects Binance's commitment to creating a more effective marketplace.
According to the announcement, Binance Futures will start closing all positions and conducting automatic settlements for STPTUSDT, SNTUSDT, and MBLUSDT perpetual contracts on May 13. Additionally, RADUSDT and CVXUSDT perpetual contracts will undergo the same process on May 14, after which they will be removed from the platform.
Apart from the delisting, Binance Futures will adjust leverage and margin tiers for the mentioned perpetual contracts on May 6. Users who currently hold positions are advised to make necessary changes to avoid liquidation risks.
Users must close any open positions before the specified delisting dates to ensure a seamless transition. Additionally, new positions for the affected contracts will not be allowed from May 13 for STPTUSDT, SNTUSDT, and MBLUSDT, and from May 14 for RADUSDT and CVXUSDT.
The decision to delist these trading pairs demonstrates Binance's strategic approach to maintaining active markets. By focusing on pairs with high trading volumes, the exchange aims to optimize its resources and enhance market efficiency. This move is intended to improve the trading experience for its diverse user base and maximize profitability.
