In the grand theater of the cryptocurrency universe, our leading performer, Binance, has decided to bid farewell to five charming yet unruly margin trading pairs. Yes, dear reader, the world’s largest cryptocurrency exchange has officially announced the imminent delisting of these five partnerships. It seems even the most vibrant actors must leave the stage at times.
The unfortunate pairs that shall gracefully exit are HMSTR/FDUSD, SAGA/BTC, ILV/BTC, LTO/BTC, and MDT/BTC. The curtain will fall on Feb. 17, 2025, at 6:00 a.m. UTC. Mark your calendars, for this is a drama not to be missed!
The pairs thus affected come in two varieties: the cross-margin pairs, which include HMSTR/FDUSD and SAGA/BTC, and the isolated margin pairs, for those who prefer a more intimate experience with HMSTR/FDUSD, ILV/BTC, LTO/BTC, MDT/BTC, and once again, our star SAGA/BTC.
In a twist worthy of a Chekhovian plot, Binance revealed that users will no longer have the privilege of transferring assets from these ill-fated pairs into their isolated margin accounts. You will have to say goodbye to your dreams of manual or auto-transfers, thrown aside like an old hat.
Now, dear traders, I encourage you to adjust your strategies with all the grace of a dancer in a waltz before the curtains close. While Binance chose to keep the reasons for this exit mysterious, they remind us that liquidity and risk management are the stars of this show.
As the final performance nears, Binance warns users that updating positions during this delisting drama may become complicated. It is suggested – nay, advised – to close your positions and transfer your assets from margin accounts to spot accounts prior to the grand finale on Feb. 17 at 6:00 a.m. (UTC). You would not want to stumble off the stage and into potential losses, would you? ☹️
Important Dates to Remember
On Feb. 12, at 6:00 a.m. (UTC), the curtain will rise on the suspension of isolated margin borrowing for our affected pairs: HMSTR/FDUSD, ILV/BTC, LTO/BTC, MDT/BTC, and the ever-dramatic SAGA/BTC.
Then, on Feb. 17 at 6:00 a.m. (UTC), Binance Margin will take the final bow by closing all user positions, performing an automatic settlement, and canceling any pending orders linked to the affected pairs. The HMSTR/FDUSD, ILV/BTC, LTO/BTC, MDT/BTC, and SAGA/BTC will then be swept away into the annals of cryptocurrency history.
Fear not, for trading on other pairs will remain unaffected. Binance assures users that they may still engage in delightful transactions with these assets on other trading pairs available on the Binance Margin platform.
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2025-02-11 19:17