Important Update: Binance Delists LINA/BTC Cross and Isolated Margin Trading Pair
Binance, a prominent player in the cryptocurrency exchange space, has made the decision to delist the LINA/BTC Cross and Isolated Margin trading pair from its platform. This move is scheduled to take effect on June 19, 2024, at 06:00 (UTC). The delisting is part of Binance’s strategic efforts to optimize its trading offerings and ensure a secure trading environment for its users.
Key Details of the Delisting Process
Here are the key details regarding the delisting of the LINA/BTC pair on Binance:
- Starting June 18, 2024, at 10:00 (UTC), Binance Margin will suspend isolated margin borrowing for the LINA/BTC pair.
- On June 19, 2024, at 06:00 (UTC), all user positions on the LINA/BTC Cross and Isolated Margin pair will be closed, an automatic settlement will be conducted, and all pending orders will be canceled.
- Subsequently, the LINA/BTC pair will be removed from the Margin platform.
Impact on Users and Actions to Take
As a user of Binance, here’s how the delisting of the LINA/BTC pair may affect you and the steps you should consider taking:
- Users are advised to close their positions and transfer their assets from Margin Wallets to Spot Wallets before the delisting date to avoid potential losses.
- During the delisting process, users will not be able to update their positions, and Binance will not be liable for any losses incurred during this phase.
- Although the LINA/BTC pair will no longer be available for trading, users can still trade LINA and BTC using other trading pairs on Binance Margin.
Importance of Safety and Risk Management
It is crucial to understand the risks associated with margin trading and digital assets. Here are some important points to consider:
- Digital asset prices are highly volatile and subject to market risks.
- Users are encouraged to make informed trading decisions and seek advice from financial experts if needed.
For detailed information, please refer to Binance’s Terms of Use and Risk Warning pages.
Continued Commitment to User Safety
Binance remains dedicated to providing a secure and efficient trading environment for its global user base. The platform continuously evaluates and adjusts its offerings to meet the evolving needs of its users.
Hot Take: Stay Informed and Secure Your Assets
As a cryptocurrency enthusiast, it’s essential to stay informed about changes in the market and take proactive steps to secure your assets. By understanding the risks involved and making informed decisions, you can navigate the world of digital asset trading more confidently.
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