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Binance Margin Will Delist LOOM, STRAX as Borrowable Assets From Cross Margin and OG From Isolated Margin

Binance Margin Will Delist LOOM, STRAX as Borrowable Assets From Cross Margin and OG From Isolated Margin

2023-02-22 11:00
Fellow Binancians,
Binance Margin will delist LOOM and STRAX as borrowable assets from Cross Margin, as well as OG from Isolated Margin at 2023-03-03 06:00 (UTC).
Isolated Margin Pairs: OG/BTC, OG/USDT
Please note:
  • At 2023-02-24 06:00 (UTC), Binance will suspend LOOM/BUSD, STRAX/BUSD and STRAX/USDT cross margin borrowing, as well as OG/BTC and OG/USDT isolated margin borrowing.
  • At 2023-03-03 06:00 (UTC), Binance will close users’ positions, conduct an automatic settlement and cancel all pending orders on the LOOM/BUSD, STRAX/BUSD and STRAX/USDT cross margin pairs, as well as the OG/BTC and OG/USDT isolated margin pairs. If users have any outstanding Cross Margin or Isolated Margin loans, any of the delisted assets held in their Cross and Isolated Margin accounts may be sold. We will then delist these pairs from Cross Margin and Isolated Margin.
  • Please note that users will not be able to update their positions during the delisting process, and they are strongly advised to close their positions and/or transfer their assets from Margin Wallets to Spot Wallets prior to the cessation of margin trading at 2023-03-03 06:00 (UTC). Binance will not be responsible for 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 2023-03-03 06:00 (UTC). Users should monitor the 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
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Binance reserves the right in its sole discretion to amend 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.