🚨 Alert for Binance users: WAN is about to be removed from margin trading! 🚨
Binance has announced that it will be removing WAN as a borrowable asset in margin trading, both Cross Margin and Isolated Margin, starting from April 10, 2026, at 06:00 UTC.
⚡ Here are the important details you need to know immediately:
Stop lending: Starting from April 8, 2026, borrowing on WAN will not be allowed in all margin pairs.
Closing positions: On April 10, 2026, Binance will close all positions, automatically executing settlements, and canceling all open orders.
Asset transfer: For Cross Margin users, collateral will be used to settle obligations, and any remaining WAN may be converted to a Spot account or sold entirely based on the margin level.
Warning for wallets: If you have WAN as obligations, and the Collateral Margin Level (CML) drops below 2, open orders will be canceled and collateral will be sold to settle obligations.
Portfolio Margin wallets: WAN must be transferred to a Spot account and monitor the Unified Maintenance Margin Ratio (uniMMR) to avoid liquidation. Any WAN remaining after the deadline will be liquidated and converted to USDT or other stablecoins.
💡 Golden advice: If you own WAN, don’t wait! Close your positions or transfer assets to a Spot account to avoid any unexpected losses.
🔗 Keep your assets safe and be prepared for the upcoming changes!
$WAN #Binance #WAN #CryptoAlert #MarginTrading #CryptoNews 💬 Are you ready to face this change? Share your experience in the comments!