Cryptocurrency Exchange Binance Announces It Will Delist These Altcoins From Margin Transactions!

Cryptocurrency exchange Binance continues its delist strategy, which it has implemented recently. Binance Margin, April 10 at 06:00 NEBL from Cross Margin And DCR, NEBL and XVG from Isolated Margin He announced that he would delist.

Cross Collateral Pair: NEBL/BUSD
Isolated Margin Pairs: DCR/BTC, DCR/USDT, NEBL/BUSD, XVG/BUSD

Cryptocurrency Exchange Binance Delists Some Altcoins From Cross Margin and Isolated Margin

In the statement made by Binance, the following statements were included:

At 2023-03-28 06:00, Binance will suspend NEBL/BUSD cross collateral borrowing as well as isolated collateral borrowing of DCR/BTC, DCR/USDT, NEBL/BUSD and XVG/BUSD.

At 2023-04-10 06:00, Binance will close users’ positions, perform an automatic settlement and place all pending orders on the NEBL/BUSD cross margin pair as well as the DCR/BTC, DCR/USDT, NEBL/BUSD and XVG/BUSD isolated margin pairs. will cancel.

If users have outstanding Cross Collateral or Isolated Margin loans, any of the delisted assets held in the Cross and Isolated Margin accounts can be sold. We will then subtract these pairs from the Cross Margin and the Isolated Margin.

Users are strongly advised to close their positions and/or transfer their assets from Margin Wallets to Spot Wallets prior to the cessation of margin trading at 2023-04-10 06:00 during the delisting process. Binance will not be liable for any possible losses.

Portfolio Margin users are advised to transfer the aforementioned tokens from their Margin Wallet to their Spot Wallet and, if necessary, complete their margin balance before 2023-04-10 06:00.

Users should closely monitor the Unified Sustaining Margin Ratio (Uni-MMR) to avoid any potential liquidation from the removal of the aforementioned tokens from the Margin Wallet.

*Not investment advice