world’s largest cryptocurrency one of the stock markets Binance, It announced the delisting of four trading pairs from the margin platform.
Binance Continues BUSD Dellists
The delisted pairs are OGN/BUSD, OSMO/BUSD, REI/BUSD and SPELL/BUSD, and the delisting will take place on July 27, 2023 at 09:00.
Prior to delisting, Binance Margin will suspend isolated margin borrowing for these trading pairs from 09:00 on July 20, 2023.
The exchange will perform an automatic settlement at 09:00 on July 27, 2023, close users’ positions and cancel all pending orders for these pairs on isolated margin.
Also, Binance Margin will simultaneously remove OGN/BUSD, OSMO/BUSD, REI/BUSD and SPELL/BUSD trading pairs from Cross Margin.
Affected assets, OGN, OSMO, REI, and SPELL, will continue to be available for trading in other pairs offered by Binance Margin. Users can continue to buy and sell these assets on different trading pairs available on the platform.
Binance advises users to take precautionary measures by closing positions and transferring assets from Margin Wallets to Spot Wallets before margin trading is stopped at 09:00 on July 27, 2023.
This precaution is to avoid potential losses during the delisting process. The Exchange emphasizes that it will not be liable for any losses incurred due to failure to take these precautionary steps.
It is not investment advice.
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