According to the Binance Margin official notice, the margin trading platform will delist BNT/BUSD, CVX/BTC, POLS/BUSD, POWR/BUSD, STPT/BUSD, and STRAX/BUSD margin pairs. Binance Margin will close users’ positions, automatically settle, and cancel all pending orders on June 19, 2023 at 06:00 (UTC). Starting June 13, 2023, Binance Margin will stop borrowing for the pairs listed in the notice.
Platform users are advised to close positions on their own and transfer assets from margin wallets to spot wallets before trading stops. This is because not only will they not be able to update their positions during the delisting process, but they could also potentially incur losses for which Binance will not be held liable.
Against the backdrop of lawsuits from the US Securities and Exchange Commission (SEC) against the Binance and Coinbase crypto exchanges, Robinhood announced its intention to revise the list of assets available to users for trading on the platform.
Source: Bits
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