Binance, the leading exchange in the crypto world, altcoinMade an important announcement about
Koinfinans.com As we have reported, Binance Margin has announced that it will delist FLM and KMD from Cross Margin and COCOS, CREAM and SCRT as loanable assets from Isolated Margin as of 30/01/23.
Cross Margin Pairs: FLM/USDT, KMD/USDT
Isolated Margin Pairs: COCOS/USDT, CREAM/BUSD, SCRT/BTC, SCRT/BUSD, SCRT/USDT
On 17/01/23, Binance announced that it will suspend FLM/USDT and KMD/USDT cross margin borrowing, as well as COCOS/USDT, CREAM/BUSD, SCRT/BTC, SCRT/BUSD and SCRT/USDT isolated margin borrowing.
Binancestated that users will close their positions on 30/01/23. He stated that he will perform an automatic settlement and cancel all pending orders on the FLM/USDT and KMD/USDT cross margin pairs, as well as COCOS/USDT, CREAM/BUSD, SCRT/BTC, SCRT/BUSD and SCRT/USDT isolated margin pairs. It later announced that these pairs would be removed from the Cross Margin and Isolated Margin list. He advised that users will not be able to update their positions during the delisting process and to close their positions before margin trading is stopped to avoid possible losses.
Portfolio Margin users are advised to transfer the above-mentioned tokens from their Margin Wallets to their Spot Wallets and, if necessary, top up their margin balance before 30/01/23. Users should closely monitor the Unified Sustaining Margin Ratio (Uni-MMR) to avoid any potential liquidation from the removal of the aforementioned tokens from the Margin Wallet.