Giant cryptocurrency exchange Binance continues its delist transactions at full speed under long-standing regulatory pressure. According to the transmitted data, Binance Futures will delist these altcoin projects from futures! So, what are these altcoin pairs? Here are the details…
New delist news came from the giant cryptocurrency exchange! These altcoins will be delisted!
Binance Futures attracts the attention of investors with its latest announcements. While the giant cryptocurrency exchange, which has been under the pressure of regulators for a long time, remains on the agenda with new news, Binance Futures will delist leverage and collateral tiers for GMT/BUSD, NEAR/BUSD and AVAX/BUSD trading pairs. However, users will not be able to perform these transactions for the specified altcoin projects. The explanations from the giant cryptocurrency exchange are as follows:
Binance Futures will close all positions and auto-negotiate Perpetual Contracts GMTBUSD, NEARBUSD and AVAXBUSD as of April 18, 2023 at 12:00 CEST. Contracts will be removed from the list after settlement is complete.
Binance Futures will update the above NEARBUSD, GMTBUSD and AVAXBUSD contract leverage and margin tiers on April 14 at 11:00 pm. To avoid automatic liquidation of positions, users are advised to close their positions before stopping trading.
The giant cryptocurrency exchange continues to burn BNBs!
cryptocoin.com As we have reported, the giant crypto money exchange Binance burned 2,020,132,25 coins with the BNB coin burning mechanism and made its 23rd burn. These burns, which are closely followed by many crypto money investors, may indicate a change in the price of BNB. According to the transferred data, Binance wants to keep the supply level of Binance Coin (BNB) at 100 million with the automatic burning mechanism. With the last 23rd burning, over 2 million BNB was burned and investors celebrated this last transaction on Twitter.
On the other hand, there is no immediate change in the price of BNB. Popular altcoin project BNB has gained 5% in the last 30 days. The popular crypto, which has gained 0.6 percent in the last 24 hours, is instantly traded at $ 326.54 and has a market value of $ 51 billion.
CFTC Chairman Rostin Benham continues his warnings to the Binance side!
While the pressure on the cryptocurrency market continues, heavy words continue to come from CFTC Chairman Rostin Benham towards Binance. Lastly, Benham criticized the giant cryptocurrency exchange Binance for deliberately violating regulatory rules and offering futures contracts and derivatives to US customers without registering with the regulator.
During an event at Princeton University, CFTC Chairman Benham argued that the executives of the giant cryptocurrency exchange Binance are not “unsophisticated individuals”, especially ‘CZ’. According to Benham, although large companies did, they still offered futures contracts and derivatives to US clients, even though they knew the importance of registering with the CFTC before doing so.
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