Dear user:

Binance Margin will remove FLM and KMD cross margin loanable assets, as well as COCOS, CREAM, and SCRT isolated margin trading pairs at 14:00 on January 30, 2023 (Eastern Eighth District time):

Cross-margin trading pairs: FLM/USDT, KMD/USDT

Isolated margin trading pairs: COCOS/USDT, CREAM/USDT, SCRT/BTC, SCRT/BUSD, SCRT/USDT

Notice:

  • The Binance margin trading platform will suspend the FLM/USDT, KMD/USDT cross-margin lending business at 14:00 on January 16, 2023 (Eastern Eighth District time), as well as COCOS/USDT, CREAM/USDT, SCRT/BTC, SCRT/BUSD, SCRT/USDT isolated margin lending business;

  • The Binance margin trading platform will conduct full margin trading of FLM/USDT, KMD/USDT, as well as COCOS/USDT, CREAM/USDT, SCRT/BTC, SCRT/ BUSD, SCRT/USDT isolated margin positions will be automatically closed and liquidated, all pending orders placed by users on the above cross margin/isolated margin trading pairs will be cancelled, and the above cross margin/isolated margin trading pairs will be delisted. Please note that during the delisting process, users will not be able to update their positions, and users are strongly recommended to close their positions before stopping margin trading to avoid any potential losses.

  • It is recommended that users of Binance unified accounts transfer the above-mentioned tokens from the margin account to the spot account and replenish the margin balance before 14:00 on January 30, 2023 (Eastern Eighth District time). Users should closely monitor the maintenance margin rate (Uni-MMR) of Uni-accounts to avoid any potential liquidations that may result from margin wallets no longer supporting the above coins.

  • If there is any discrepancy between the translated version and the original English version, the English version shall prevail.

Thank you for your support of Binance!

Binance Team

January 13, 2023

 

Click to download the iPhone or Android APP now

Binance Community

Discord: discord.gg/bnb 

Facebook：https://www.facebook.com/BinanceChinese

Twitter：https://twitter.com/binance

Chinese Twitter: https://twitter.com/binancezh

Binance has always attached great importance to compliance obligations, and has always strictly abided by the relevant requirements of local regulatory agencies, and please abide by the relevant laws and regulations of the country or region where you are located.

Binance reserves the right to modify, change or cancel this announcement at any time and for any reason at its sole discretion without prior notice.

Risk warning: Digital asset prices may fluctuate. The value of your investment may fluctuate and you may lose the amount invested. You will be solely responsible for your investment decisions, and Binance is not responsible for any losses that may occur. Leveraged trading is an activity with high market risk. While it may bring huge profits, it may also cause you to suffer huge losses. Past performance is also not a reliable predictor of future performance. In the event of adverse price movements, your entire margin balance may be liquidated. This article should not be considered financial or investment advice. If you want to know how to trade responsibly, please refer to the Binance Responsible Trading Information Page. Please see Binance’s Terms of Use and Risk Warning for more details.