Binance Removes Altcoin Parity from Margin Trading
In a recent announcement, cryptocurrency exchange Binance revealed that it will be delisting the altcoin Parity from margin transactions starting on June 19, 2024. The decision to remove the LINA/BTC trading pairs from both Cross and Isolated Margin trading was made in an effort to streamline operations.
Important Dates to Remember:
– June 18, 2024, 13:00: Binance Margin will halt isolated margin borrowing for the LINA/BTC pair.
– June 19, 2024, 09:00: Binance Margin will close user positions, conduct automatic settlements, and cancel all pending orders for the LINA/BTC pairs on both Cross and Isolated Margin platforms.
Users are advised to take the following actions:
– Close positions and transfer assets from Margin Wallets to Spot Wallets before the margin trading discontinuation at 09:00 on June 19, 2024.
– Trade LINA on other available pairs on Binance Margin.
It’s important to note that users will not be able to update their positions during the delisting process. Binance reminds users to act promptly to avoid potential losses, as the exchange will not be held responsible for any incurred losses.
For further information and updates, users can refer to Binance’s official announcements and support channels. It’s crucial to stay informed and take necessary steps to protect investments.
