Fellow Binancians,
Binance Margin will delist FLM and KMD as borrowable assets from Cross Margin, as well as COCOS, CREAM, and SCRT from Isolated Margin at 2023-01-30 06:00 (UTC).
Cross Margin Pairs: FLM/USDT, KMD/USDT
Isolated Margin Pairs: COCOS/USDT, CREAM/BUSD, SCRT/BTC, SCRT/BUSD, SCRT/USDT
Please note:
- At 2023-01-16 06:00 (UTC), Binance will suspend FLM/USDT and KMD/USDT cross margin borrowing, as well as COCOS/USDT, CREAM/BUSD, SCRT/BTC, SCRT/BUSD and SCRT/USDT isolated margin borrowing.
- At 2023-01-30 06:00 (UTC), Binance will close users’ positions, conduct an automatic settlement and cancel all pending orders on the FLM/USDT and KMD/USDT cross margin pairs, as well as the COCOS/USDT, CREAM/BUSD, SCRT/BTC, SCRT/BUSD and SCRT/USDT isolated margin pairs. We will then delist these pairs from Cross Margin and Isolated Margin. Please note that users will not be able to update positions during the delisting process, and they are strongly advised to close their positions prior to the cessation of margin trading to avoid any potential losses.
- Portfolio Margin users are advised to transfer the tokens mentioned above out of their Margin Wallet to their Spot Wallet and to top up their margin balance, if required before 2023-01-30 06:00 (UTC). Users should monitor Unified Maintenance Margin Ratio (Uni-MMR) closely to avoid any potential liquidation that may result from the removal of the tokens mentioned above from the Margin Wallet.
- Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Thanks for your support!
Binance Team
2023-01-13
Trade on-the-go with Binance’s crypto trading app (iOS/Android)
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Note: This announcement was last updated on 2023-01-13 to clarify that the CREAM/BUSD isolated margin pair will be delisted instead of the CREAM/USDT isolated margin pair.
Binance reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
Risk Warning: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses that might arise from your use of Margin. Margin trading carries substantial risk and amplifies both losses and profits. Past performance is not a reliable predictor of future performance. All of your margin balance may be liquidated in the event of adverse price movement. This information should not be regarded as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use and Risk Warning.
