Binance, a leading cryptocurrency exchange, has announced it will delist the LINA/BTC Cross and Isolated Margin trading pair, effective June 19, 2024, at 06:00 (UTC). This decision is part of Binance’s ongoing effort to optimize its trading offerings and ensure a robust trading environment, according to Binance.
Key Details of the Delisting
Starting June 18, 2024, at 10:00 (UTC), Binance Margin will suspend isolated margin borrowing for the LINA/BTC pair. Subsequently, on June 19, 2024, at 06:00 (UTC), Binance will close all users’ positions, conduct an automatic settlement, and cancel all pending orders on the LINA/BTC Cross and Isolated Margin pair. Afterward, the pair will be removed from the Margin platform.
Impact on Users
Users are advised to close their positions and transfer their assets from Margin Wallets to Spot Wallets before the delisting takes effect to avoid potential losses. Binance emphasized that users will not be able to update their positions during the delisting process and will not be held responsible for any losses incurred during this period.
Despite the delisting of the LINA/BTC pair, users can still trade LINA and BTC through other available trading pairs on Binance Margin. The exchange reassures that this move is aimed at maintaining a streamlined and efficient trading experience for its users.
Safety and Risk Management
Binance reiterated the importance of understanding the risks associated with margin trading. The exchange highlighted that digital asset prices are subject to high market risk and volatility. Users are urged to make informed trading decisions and consult independent financial advisers if necessary.
For more information, users can refer to Binance’s Terms of Use and Risk Warning pages.
Binance remains committed to providing a secure and efficient trading environment, continuously assessing and adjusting its offerings to meet the needs of its global user base.
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