Binance, the world’s largest cryptocurrency exchange in terms of daily trading volume, has made a new delist announcement. The exchange is issuing five coins as borrowed assets from its cross-margin service. On the other hand, it is stated that it is in the delist process for some trading pairs. Here are the details…
Binance cross-margins five altcoins
Binance Margin has announced that it will delist ATA, DEXE, HIGH, STPT, and WAN. The exchange will delist these coins as borrowed assets as of January 12, 2023, 09:00 CEST. The delist in question affects the following couples:
- Cross margin pairs: ATA/BTC, ATA/BUSD, ATA/USDT, DEXE/BUSD, DEXE/USDT, HIGH/BUSD, HIGH/USDT, STPT/BTC, STPT/BUSD, STPT/USDT, WAN/USDT
Binance will begin work on this delisting process on January 3rd. On January 3, 2023 at 09:00 CEST, the stock market will suspend cross margin borrowing on the above pairs. On January 12, the exchange will close users’ positions. Then, it will perform an automatic swap. It will cancel the pending orders in the mentioned parities. They will then remove these pairs from the cross margin list.
The exchange has given users a piece of advice to avoid any potential loss. It strongly recommends that users close their positions before margin trading expires. Portfolio margin users are advised to transfer the aforementioned tokens from their margin wallets to their spot wallets and replenish their margin balances if necessary.
Eight altcoin pairs delist on December 30
On the other hand, as we reported on Kriptokoin.com, the exchange announced that it will delist eight altcoin pairs. The stock market will remove eight pairs from the spot market on December 30th, tomorrow. Delist will take place at 06:00 Turkish time. You can see the pairs in question as follows:
- ATA/BNB, GLM/ETH, KSM/ETH, LOOM/ETH, REI/ETH, STMX/ETH, STRAX/ETH, TROY/BNB
Recent statements from Binance’s CEO
Meanwhile, Changpeng Zhao, the famous CEO of Binance, came to the fore when he warned of a project. CZ made a statement after new speculations emerged about an incident in October. He cited “widespread API key leaks” from trading bot platform 3Commas. He said he was “reasonably confident” about this. A 3Commas spokesperson confirmed the leak.
An investigation conducted in October by 3Commas and the now-defunct FTX crypto exchange revealed that API keys were used to make unauthorized trades for DMG trading pairs. The 3Commas team was alerted to the incident on October 20 in which FTX API keys connected to the platform were used to perform unauthorized transactions. 3Commas said the API keys were not obtained from the company at the time and were likely obtained from a third-party phishing attack or hack.