The world’s largest crypto exchange Binanceannounced that it will delist six trading pairs in its latest move to optimize the trading ecosystem. The decision, announced in an official statement, indicates Binance’s desire to create an efficient market for its users.
According to the announcement, Binance Futures will begin the process of closing all positions and performing automatic settlements for the STPTUSDT, SNTUSDT and MBLUSDT perpetual contracts on May 13. Similarly, RADUSDT and CVXUSDT perpetual contracts will go through the same process on May 14, after which the contracts will be delisted.
As Koinfinans.com reported, in addition to the delisting, Binance Futures will make adjustments to the leverage and margin levels of the aforementioned perpetual contracts on May 6. Users with existing positions are advised to make the necessary adjustments to avoid possible liquidation risks.
To ensure a smooth transition, users are required to close their open positions before the specified delisting times. Additionally, new positions will not be allowed for affected contracts starting May 13 for STPTUSDT, SNTUSDT, and MBLUSDT, and May 14 for RADUSDT and CVXUSDT.
The decision to delist these trading pairs underscores Binance’s strategic approach to maintaining active markets. With declining trading volumes, the exchange aims to streamline its resources and focus on pairs that are witnessing high trading activity. Prioritizing liquidity and market efficiency, Binance aims to improve and monetize the trading experience for its global user base.
