In a series of recent announcements, Binance, one of the world’s leading cryptocurrency exchanges, announced significant changes to its operations, including the delisting of several margin pairs, the launch of new perpetual contracts, and support for the Kadena network upgrade. Here are the details…
Binance delists some margin pairs
Binance Margin will delist a number of trading pairs on October 26, 2023 at 09:00 UTC. This move will affect both cross margin and isolated margin pairs. Investors should note that isolated margin borrowing for these pairs will be suspended at 09:00 UTC on October 20, 2023. On the Delist date, all positions will be closed, pending orders will be canceled and these pairs will be removed from Margin. However, it is important to note that users can still trade these assets on other available trading pairs on Binance Margin. The couples in question are as follows:
AUCTION/BUSD, ALGO/BUSD, APT/BUSD, ATOM/BUSD, AXS/BUSD, COMP/BUSD, CRV/BUSD, DODO/BUSD, DYDX/BUSD, EGLD/BUSD, ETC/BUSD, EOS/BUSD, FLOW/ BUSD, FTM/BUSD, GLMR/BUSD, GMT/BUSD, HBAR/BUSD, KEY/BUSD, LDO/BUSD, LEVER/BUSD, LINA/BUSD, MAGIC/BUSD, MANA/BUSD, MASK/BUSD, NEAR/BUSD, ONE/BUSD, RNDR/BUSD, TRX/BUSD, UNI/BUSD and VET/BUSD
Perpetual futures contracts for STPT and WAXP enter the market
Binance Futures introduces USDⓈ-M STPT and WAXP perpetual futures contracts, each with up to 50x leverage. These contracts will enter the market on October 18, 2023 at 17:30 and 17:45, respectively. The contracts are linked to the following assets: STPT and WAXP. The settlement asset is USDT. Investors will have the opportunity to trade 24/7 thanks to tick sizes of 0.00001 and funding fee payment frequency of every four hours. Additionally, the introduction of Multi-Asset Mode will allow users to use a variety of margin assets, including BTC, when trading these contracts.
Support for Kadena upgrade
Binance has confirmed that it supports the Kadena (KDA) network upgrade and hard fork, which is scheduled to occur at approximately 03:00 UTC on October 20, 2023, at a block height of 4,177,889. During this upgrade, deposits and withdrawals of KDA tokens on the network will be temporarily suspended starting October 19, 2023 at 02:00 UTC. It is important to note that trading of KDA tokens will not be affected. Binance will take care of all relevant technical aspects for its users. Deposits and withdrawals will reopen once the upgraded network is deemed stable and no further announcements are expected.
These announcements reflect Binance exchange’s willingness to adapt to the evolving crypto landscape, provide investors with a wide range of options, and ensure a seamless experience for users during network upgrades. Investors and enthusiasts should closely follow these developments as they continue to shape the crypto industry.
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