Binance announced the delisting of a number of margin pairs.

Bitcoin exchange Binance will reduce leverage and delist perpetual options on several positions. 

From May 13, the platform will stop trading in pairs: 

USDⓈ-M/STPTUSDT;

USDⓈ-M SNTUSDT/MBLUSDT.

One day later, support for USDⓈ-M/RADUSDT and USDⓈ-M/CVXUSDT will cease.

Users of the Binance Futures platform are advised to close positions in the listed pairs before the designated deadlines to avoid forced liquidation.

“To protect users and prevent potential risks during extremely volatile market conditions, Binance Futures may take additional protective measures with respect to the above-mentioned contracts without further notice,” the statement said.

Recall that on April 30, a US court sentenced Binance founder Changpeng Zhao to four months in prison for involvement in money laundering and other illegal activities.

CoinDesk named the reasons for such a lenient verdict against the former head of the exchange.

#BinanceProfitPotential #CryptoWatchMay2024 #BTC #USDT。 #BNB⁩

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