In a significant move, the leading cryptocurrency exchange Binance has announced the delisting of the LINA/BTC Cross and Isolated Margin trading pairs from its platform. This decision, effective on June 19, 2024, is part of Binance’s ongoing efforts to maintain the integrity and stability of its trading ecosystem.
Key Dates and Actions
June 18, 2024, 13:00: Binance Margin will suspend isolated margin borrowing for the LINA/BTC pair.
June 19, 2024, 09:00: Binance Margin will close users’ positions, perform automatic settlement, and cancel all pending orders for LINA/BTC Cross and Isolated Margin pairs. These pairs will then be removed from the Margin trading platform.
What Users Need to Do
“Users must close their positions and/or transfer their assets from Margin Wallets to Spot Wallets before the cessation of margin trading at 09:00 on June 19, 2024.”
Binance warned users that they could not update their positions during the delisting process. Users are strongly advised to take action before the deadline to avoid possible losses.
Continued Trading Opportunities
Binance clarified that users could continue to trade LINA on other available trading pairs on the Binance Margin platform.
Binance’s Responsibilities
Binance has made it clear that it will not be liable for any losses incurred due to the delisting process. Users are encouraged to stay informed and refer to Binance’s official announcements and support channels for the latest updates.
As a highly knowledgeable cryptocurrency news writer, I understand the importance of this announcement for the wider crypto community. The delisting of the LINA/BTC Margin trading pairs on Binance is a significant event that warrants attention and preparation from affected users. By adhering to the provided timeline and taking the necessary actions, Binance’s users can mitigate potential risks and continue their trading activities on the platform.