binance, the world’s largest crypto exchange, has announced the delisting of six trading pairs in its latest move to optimize its trading ecosystem. The decision, disclosed in an official statement, points to Binance’s desire to promote an efficient market for its users.
binance, the world’s largest crypto exchange, has announced the delisting of six trading pairs in its latest move to optimize its trading ecosystem. The decision, disclosed in an official statement, points to Binance’s desire to promote an efficient market for its users.
According to the announcement, Binance Futures will initiate the closing of all positions and execute automatic liquidations for the STPTUSDT, SNTUSDT, and MBLUSDT perpetual contracts on May 13. Similarly, the RADUSDT and CVXUSDT perpetual contracts will undergo the same process on May 14, after which the contracts will be delisted.
In addition to the delisting, Binance Futures will implement adjustments to the leverage and margin levels of the aforementioned perpetual contracts on May 6. Users with existing positions are advised to make necessary adjustments to avoid potential liquidation risks.
To ensure a smooth transition, users are encouraged to close any open positions before the specified exclusion times. Additionally, no new positions will be allowed for the affected contracts starting May 13 for STPTUSDT, SNTUSDT and MBLUSDT, and May 14 for RADUSDT and CVXUSDT.
The decision to delist these trading pairs underlines Binance’s strategic approach to keeping markets active. With declining trading volumes, the exchange aims to optimize its resources and focus on pairs witnessing high trading activity. By prioritizing liquidity and market efficiency, Binance seeks to improve the trading experience of its global user base and ensure that they make profits from it.
