Binance, a leading Bitcoin and altcoin exchange, has announced in a series of recent announcements its plans to delist certain margin pairs and support the Chiliz (CHZ) 2.0 mainnet integration. Here are the details…
Binance removes these pairs from margin categories
Binance Margin has announced its intention to delist several trading pairs from both the cross margin and isolated margin categories. Affected trading pairs are: AMB/BUSD, DASH/BUSD, FIDA/BUSD, HARD/BUSD, HOT/BUSD, IOST/BTC, NULS/BUSD, PORTO/BUSD and REQ/BUSD. The removal from this list is scheduled to take effect on September 7, 2023 at 09:00 CEST. Binance Margin will launch a series of steps to streamline the delisting process. These are as follows:
- Margin borrowing process will be suspended: From 1 September 2023 at 09:00, isolated margin borrowing will be suspended for the specified trading pairs.
- Positions will be closed: On September 7, 2023, at 09:00 CEST, all users’ positions in the above mentioned collateral pairs will be closed. An automatic settlement will be performed and all pending orders will be cancelled. This will apply to both isolated collateral and cross collateral pairs.
- Isolated and cross margin delisting will take place: After settlement, the trading pairs will be removed from both the isolated margin and cross margin categories.
It is important to note that users cannot change their positions during the delisting process. To mitigate potential risks, Binance advises users to close their positions and consider transferring their assets from Margin Wallets to Spot Wallets before margin trading is stopped on September 7, 2023 at 09:00.
2.0 integration will take place for Chiliz
Binance has also announced its support for Chiliz (CHZ) 2.0 mainnet integration and exchange. This integration includes Chiliz (CHZ) token as well as all Chiliz-related fan tokens. Fan tokens include AC Milan (ACM), AS Roma (ASR), Atlético de Madrid (ATM), FC Barcelona (BAR), Manchester City (CITY), Juventus (JUV), OG (OG), and Paris Saint-Germain (PSG) ) are included in the tokens of football clubs. The key points of Chiliz (CHZ) 2.0 mainnet integration and swap are:
- All BEP2 standard Chiliz (CHZ) tokens will be exchanged 1:1 to the CAP20 standard. In addition, Chiliz’s fan tokens will be traded both from the Chiliz Legacy Chain and from the BEP20 standard to the CAP20 standard in a 1:1 ratio.
- After mainnet integration and swap, deposits and withdrawals of Chiliz (CHZ) tokens via the BEP2 network, as well as Chiliz’s fan tokens via the Chiliz Legacy Chain and BEP20 networks will no longer be supported. However, deposits and withdrawals of ERC20 standard Chiliz (CHZ) tokens will not be affected.
