The world’s leading cryptocurrency exchange Binance has announced its delisting decision for these 9 altcoin projects. In the latest announcement by Binance, it was reported that margin trading pairs for these altcoins will be delisted. As Kriptokoin.com, we convey the altcoin delist announcement announced by Binance to you.
Cryptocurrency exchange Binance is delisting these altcoin projects
The leading cryptocurrency exchange made the following statement in its announcement on its official website:
Binance will remove the following margin trading pairs as of 06:00 on November 24, 2022. It will also stop trading.
- Cross margin pairs: TRIBE/BUSD pair and TRIBE/USDT pair
- The isolated margin pairs are as follows: BTCST/BTC, BTCST/USDT, GTO/BTC, GTO/USDT, MITH/BTC, PERL/BTC, PNT/BTC, REP/BTC, TRIBE/BUSD, TRIBE/USDT, XEM/BTC trading pairs
Binance also offers a recommendation to users in a separate exchange. Binance also recommended that traders close their current positions for these trading pairs:
Binance will close users’ positions as of November 24, 2022 at 06:00. It will then perform an automatic calculation. Then BTCST/BTC, BTCST/USDT, GTO/BTC, GTO/USDT, MITH/BTC, PERL/BTC, PNT/BTC, REP/BTC, TRIBE/BUSD, TRIBE/USDT and XEM/BTC cross margin and/or will cancel all pending orders on isolated margin pairs.
No justification was provided by the exchange.
It is stated that after all orders are canceled, cross and isolated margin pairs will be removed from the list. Users are strongly advised to close their positions before margin trading is stopped to avoid potential losses.
With all this, Portfolio Margin users are required to transfer the aforementioned altcoins from their Margin Wallet to their Spot Wallet. In addition, if necessary, it is recommended to replenish their margin balances before 24 November 2022 at 06:00.
The price of GTO, one of the altcoins mentioned in the announcement made by the leading cryptocurrency exchange, fell after the announcement. Meanwhile, the sudden drop in GTO price caught the attention of investors. The GTO has fallen 5.26 percent in the last 24 hours and is currently trading at $0.01217.
However, the exchange did not make any statement about delisting these altcoins from margin trading. Also, no justification has yet been given by the exchange.
