Fellow Binancians,

Binance will remove and cease trading on the following margin trading pairs at 2022-11-23 03:00 (UTC):

Cross Margin Pairs: SRM/BTC, SRM/BUSD, SRM/USDT, RAY/BUSD, RAY/USDT

Isolated Margin Pairs: SRM/BTC, SRM/BUSD, SRM/USDT, RAY/BUSD, RAY/USDT

Binance Simple Earn will delist SRM from Flexible Products, and RAY from Flexible and Locked Products at 2022-11-23 03:00 (UTC).

Binance Liquid Swap will delist RAY/USDT and RAY/BNB liquidity pools at 2022-11-23 03:00 (UTC). The users’ deposit amount in the above RAY liquidity pools will be automatically redeemed at 2022-11-23 03:00 (UTC).

Binance Auto-Invest will delist RAY at 2022-11-23 03:00 (UTC). Users who have RAY in the Single Token Plan will have the plans paused, and cannot edit the plan. Portfolio Plan containing RAY will have RAY removed in the plan and plan will continue.

Please Note:

• At 2022-11-23 03:00 (UTC), Binance will close users’ positions, conduct an automatic settlement and cancel all pending orders on the SRM and RAY cross/isolated margin pairs. We will then delist the relevant cross/isolated margin pairs. Users 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 2022-11-23 03:00 (UTC). Users should monitor Unified Maintenance Margin Ratio (Uni-MMR) closely to avoid any potential liquidation that could result from the removal of the tokens mentioned above from the Margin Wallet.
• The above mentioned Binance Simple Earn Flexible Products will be auto-redeemed and refunded to users’ Spot Wallet at 2022-11-23 03:00 (UTC). Locked Products will be redeemed by the system at 2022-11-23 03:00 (UTC) and the matured rewards will be distributed to the users’ Spot Wallet along with the principal.

Thanks for your support!

Binance Team

2022-11-17

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Binance reserves the right in its sole discretion to amend or change or cancel the products referred to in 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.