The hot topic of the last days FTX and FTT The expected move regarding the issue came from Binance.
Binance Removes FTT Margin Trading Pairs
Binance will remove the following margin trading pairs and stop trading as of 2:30 pm today:
Cross Margin Pairs: FTT/BUSD and FTT/USDT
Isolated Margin Pairs: FTT/BUSD, FTT/BTC and FTT/USDT
Binance Simple Earn will remove FTT from the Flexible Products list tomorrow at 7:30 am.
Binance Liquid Swap will delist FTT/USDT, FTT/BUSD, FTT/BTC and FTT/BNB pairs tomorrow at 07:30 Turkey time. The deposit amount of the users in the above FTT liquidity pools will be automatically converted into cash tomorrow at 07:30 Turkish time.
Binance Auto-Invest will remove FTT from the list tomorrow at 07:30 Turkey time. Users who have FTT in Single Token Plan will have their plan paused and will not be able to edit the plan. In the Portfolio Plan with FTT, the FTT will be removed and the plan will continue.
The company will close users’ positions, perform an automatic settlement, and cancel all pending orders on FTT cross/isolated margin pairs today at 14:30 Turkish time. Then the corresponding cross/isolated margin cryptocurrency will remove the pairs from the list.
Binance strongly recommended that users close their positions before margin trading is stopped to avoid potential losses.
In an effort to protect users, #Binance will remove and delist $FTT from the following products:
🔸 Simple Earn Flexible Products
🔸 USDⓈ-M Perpetual contracts
🔸 Cross Margin
🔸 Isolated MarginView settlement and delisting times here ⬇️https://t.co/bShwKCWwhM
— Binance (@binance) November 13, 2022
In his statement today, Binance CEO made a statement on Twitter about additional FTT tokens that were illegally released by FTX and said that he was following the process.
*Not investment advice.
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