Announcement from Binance for These 5 Altcoins: There is Delist too!

Binance, the world’s largest Bitcoin and altcoin exchange by trading volume, recently made several announcements regarding new trading pairs and platform updates. Binance, the leading cryptocurrency exchange, announced the addition of two new assets, OAX and RDNT, to its loanable assets on Cross Margin and Isolated Margin. The exchange has introduced new trading pairs for these assets, allowing traders to trade on margin. In addition, Binance Futures announced that it will close all positions on April 4, 2023 and will auto-clear various perpetual futures contracts, namely AMBBUSD, LEVERBUSD and TLMBUSD. Here are the details…

Binance has announced for these altcoin projects

Binance, the world’s leading cryptocurrency exchange, has added two new loanable assets to its cross-margin and isolated margin platforms: OAX and RDNT. The addition of these assets offers investors more flexibility in managing their portfolios and accessing liquidity. cryptocoin.com As we have reported, cross margin allows traders to use all the funds in their accounts as collateral for a single position, while isolated margin allows traders to limit their risk by using only a portion of their account funds as collateral for a single position.

New pairs available on cross margin include OAX/BTC, OAX/USDT and RDNT/USDT. New pairs on isolated margin include OAX/BTC, OAX/USDT and RDNT/USDT.

delist in perpetual futures contracts

In addition to the new pairs, Binance announced that it will close all positions on April 4, 2023, 12:00 CEST, and will perform an automatic swap on the USDⓈ-M AMBBUSD, LEVERBUSD and TLMBUSD perpetual futures. Contracts will be delisted after the deal is complete. According to the statement, this move is part of Binance’s efforts to optimize its product offerings and provide its users with the best possible trading experience.

These 5 Altcoins on Binance Announce New Partnerships!

Binance has also adjusted the leverage and margin tiers of the USDⓈ-M LEVERBUSD and TLMBUSD Perpetual Contracts. Existing positions opened before the update will be affected by the latest announcements. Users are advised to close all open positions before the delisting period to avoid automatic payouts.

Users will not be allowed to open new positions for the above-mentioned contracts as of April 4, 2023, 11:00 CEST. According to Binance’s statements, the move to adjust the USDⓈ-M LEVERBUSD and TLMBUSD perpetual futures contracts, leverage and margin tiers aims to mitigate potential risks in highly volatile market conditions. It is important for traders to take these changes into account and adjust their positions accordingly to avoid any potential liquidation.

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