Binance's Move to Delist Six Major Trading Pairs: Full Details

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

MARA Holdings Transfers 1,000 BTC to Exchanges Amid Market Scrutiny

MARA Holdings has transferred approximately 1,000 BTC to Binance and Gate over the past five days, raising questions about its treasury movements.

user avatarDavid Robinson

CryptoBilis Case Exposes Vulnerabilities in Hardware Wallets

The CryptoBilis case reveals vulnerabilities in hardware wallets, leading to $90 million in losses due to tampered devices.

user avatarMaria Gutierrez

California Reaches $500,000 Settlement with Fidelity Over Crypto Withdrawal Restrictions

California has reached a $500,000 settlement with Fidelity Digital Asset Services regarding restrictions on crypto withdrawals.

user avatarAndrew Smith

Anthropic Uncovers Seed Generation Method for NIST Elliptic Curves

Anthropic's Claude has reconstructed the seed generation process for several widely used NIST elliptic curves, addressing a long-standing question in cryptography.

user avatarJacob Williams

XRP Ledger Validators Advance Maintenance Amendment Amid Challenges for Lending Features

XRP Ledger validators have advanced the fixCleanup340 amendment, clearing the 80% support threshold for activation, while lending features face governance challenges.

user avatarZainab Kamara

Latvia Implements New Crypto Tax Legislation

Latvia has passed a new law changing the taxation of crypto investment account gains, focusing on withdrawals rather than individual trades.

user avatarSon Min-ho

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.