Binance, the world’s largest cryptocurrency exchange in terms of trading volume, has made new announcements for various altcoins. The exchange recently announced that it will delist three altcoins in the futures space. Here are the details…
Binance removes these three altcoins from futures
Binance Futures, Binance Futures, announced that it will delist Gala (GALA), Zilliqa (ZIL) and VeChain (VET) on December 26, 2022, at 12 CEST. As of December 26, 2022, all positions will be closed. There will also be an automatic swap on perpetual futures contracts for COIN-M GALAUSD, ZILUSD and VETUSD. Contracts will be delisted after trades. The exchange uses the following transactions:
Users are advised to close all open positions before the delisting period to avoid automatic payouts. Binance Futures may take additional safeguards towards COIN-M GALAUSD, ZILUSD and VETUSD perpetual futures contracts to protect our clients and avoid potential risks in highly volatile market conditions.
It is worth noting that the cryptocurrencies in question are still trading on Binance’s spot market. So the delist will only apply to futures contracts.
The latest on the stock market FUD
Meanwhile cryptocoin.com As we reported, Binance has been grappling with fear, uncertainty, and suspicion (FUD) for the stock market for some time now. Looking at the latest developments, the stock market has published a blog post on this subject. On December 22, Binance published a blog post addressing seven key issues the company wants to address. The first was the temporary suspension of USDC withdrawals earlier this month. He explained that this was done during a “token swap” conversion period.
The next issue he addressed was the availability of sufficient reserves for withdrawals. It confirmed that “all users’ assets on Binance are supported 1:1” and its financial condition is very healthy as it generates ample profits from transaction fees. On December 16, CryptoQuant confirmed Binance’s reserves, reporting no “FTX-like” behavior.
Regarding Mazars, who refused to work with crypto companies, he said on-chain cryptographic verification is a new area that these companies may not have the capacity to perform. Regarding a Reuters report claiming that the US Department of Justice is investigating the company, Binance stated that the mainstream media has been targeting the company for some time. He added that it has the most compliance licenses in the world and fights the most crypto crimes. Finally, the blog post reiterated CEO Changpeng Zhao’s comments that Binance did not destroy FTX.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your own research and due diligence before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.