Delist Announcement for 5 Trading Pairs from Binance Exchange

A delist announcement came from Binance, the world's largest cryptocurrency exchange. The giant stock exchange announced that it will delist 5 trading pairs from futures trading. Binance exchange's announcement concerns STP (STPT), Status (SNT), MovieBloc (MBL), Radworks (RAD) and Convex Finance (CVX) tokens. According to the announcement, Binance Futures will close all positions and make automatic payments on the STPTUSDT, SNTUSDT and MBLUSDT perpetual contracts as of 12:00 on May 13, and on the RADUSDT and CVXUSDT perpetual contracts as of 12:00 on May 14. To avoid automatic closure, users are advised to close all open positions before the delisting period. Users will not be allowed to open new positions for the contracts mentioned above as of the following dates:

On May 13 at 11:30: STPTUSDT, SNTUSDT and MBLUSDT USDⓈ-M perpetual contracts

May 14 at 11:30: RADUSDT and CVXUSDT USDⓈ-M perpetual contracts

Additionally, Binance Futures will adjust the leverage and margin tiers of the STPTUSDT, SNTUSDT, MBLUSDT, RADUSDT, and CVXUSDT perpetual contracts as of 13:30 on May 6. Existing positions opened before the update will be affected. In order to avoid a possible liquidation, Binance strongly recommends adjusting the position and leverage before adjusting. However, users can continue to trade spot trading pairs on the platform for available tokens.

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