Dear User:
Binance Futures will stop supporting SOL as a co-margin asset at 18:00 (UTC) on June 15, 2023. The maximum transfer limit of SOL was adjusted to zero at 16:00 (UTC) on March 20, 2023.
In order to maintain margin levels and avoid any potential liquidation, users who hold SOL as collateral in their U-margin accounts are advised to increase their margin in their accounts before 18:00 (ET) on June 15, 2023.
In addition, users should transfer SOL assets from their U-based contract accounts before 18:00 (ET) on June 15, 2023. Binance Futures will automatically transfer the untransferred SOL assets to the user's spot wallet after 18:00 (ET) on June 20, 2023.
More information:
About the Joint Margin Model
How Auto-Exchange Works in a Joint Margin Model
Common Problems with Multi-Asset Models
Note: In the event of any discrepancy between the translation of this announcement and the English original, the English version shall prevail.
Thank you for your support!
Binance Team
May 26, 2023
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Note: This announcement was updated on June 1, 2023 to clarify that Binance Futures will stop supporting SOL assets under the joint margin model, from June 5, 2023 18:00 (GMT+8) to June 15, 2023 18:00 (GMT+8), and all relevant dates in the announcement were updated.
Binance has always attached great importance to compliance obligations and has always strictly complied with the relevant requirements of local regulatory authorities. We ask you to comply with the relevant laws and regulations of your country or region.
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.
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