Dear User:
Binance Futures will stop supporting SOL as a joint margin asset at 14:30 (UTC) on July 6, 2023. The maximum transfer limit of SOL in the joint margin model was adjusted to zero at 16:00 (UTC) on March 20, 2023.
Please note: Binance Futures will automatically convert all SOL assets in the U-margin Futures account to USDT within four hours from 14:30 (ET) on July 6, 2023, based on the average index price of SOLUSDT from 13:30 (ET) on July 6, 2023 to 14:30 (ET) on July 6, 2023. The converted USDT assets will remain in the U-margin Futures account. Users who do not wish to participate in the SOL asset conversion process are advised to transfer SOL assets out of the U-margin Futures account before 14:30 (ET) on July 6, 2023.
More information:
About the Joint Margin Model
How Auto-Exchange Works in a Joint Margin Model
Common Problems with Multi-Asset Models
Note: In the event of any discrepancy between the translation of this announcement and the English original, the English version shall prevail.
Thank you for your support!
Binance Team
June 29, 2023
Note: This announcement was updated on June 29, 2023 to clarify that Binance Futures will postpone plans to support BETH as a margin asset under the joint margin model until further notice.