Binance, the world’s largest cryptocurrency exchange, finally did what was expected and announced that it will delist the suspended Binance USD (BUSD) from futures and margin transactions.
Binance announced on its official website on November 24 that BUSD will be delisted from margin and perpetual futures trading.
According to the statement, BUSD/USDT trading pair TSI 1 December 09.00 isolated margin borrowing will be suspended and 12 DecemberPositions will be automatically closed and all pending orders will be cancelled.
Users were advised to move their assets to spot transactions before these transactions.
On the other hand, in the announcement, futures transactions BTCBUSD, ETHBUSD, BNBBUSD And XRPBUSD leverage of contracts 24 November 17.00′It was stated that it will also be regulated and previously opened positions will be affected by this situation.
Binance, BNBBUSD And XRPBUSD of contracts 8 December At 08.30, BTCBUSD and ETHBUSD of contracts 11 December at 08.30 He said it would be suspended. Then you can view all pending orders and existing transactions. cancel Binance, stating that it will suspend Delist contracts after 30 minutes will.
Users were advised to close their transactions beforehand to avoid risks that may arise from automatic closings.
Binance is finally available as a margin asset in multi-asset mode. BUSD will end support announced. Futures wallets as of December 11 BUSD transfer will not be supported.
All remaining BUSD assets in futures will be closed as of December 14. at 06.00 automatically It will be converted to USDT.