Binance Margin will delist NEXO, POLS and QUICK as borrowable assets from Cross Margin, as well as the following trading pairs from Isolated Margin at 2023-02-02 06:00 (UTC).
Cross Margin Pairs: NEXO/BUSD, NEXO/USDT, POLS/BTC, POLS/BUSD, POLS/USDT, QUICK/BTC, QUICK/BUSD, QUICK/USDT
Isolated Margin Pairs: ALCX/BTC, NEXO/BUSD, NEXO/USDT, POLS/BTC, TOMO/BTC
- At 2023-01-23 06:00 (UTC), Binance will suspend NEXO/BUSD, NEXO/USDT, POLS/BTC, POLS/BUSD, POLS/USDT, QUICK/BTC, QUICK/BUSD and QUICK/USDT cross margin borrowing, as well as ALCX/BTC, NEXO/BUSD, NEXO/USDT, POLS/BTC and TOMO/BTC isolated margin borrowing.
- At 2023-02-02 06:00 (UTC), Binance will close users’ positions, conduct an automatic settlement and cancel all pending orders on the NEXO/BUSD, NEXO/USDT, POLS/BTC, POLS/BUSD, POLS/USDT, QUICK/BTC, QUICK/BUSD and QUICK/USDT cross margin pairs, as well as the ALCX/BTC, NEXO/BUSD, NEXO/USDT, POLS/BTC and TOMO/BTC 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 their 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 2023-02-02 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.
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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.