This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
At Binance, we periodically review each digital asset we list to ensure that it continues to meet the high level of standard we expect. When a coin or token no longer meets this standard, or the industry changes, we conduct a more in-depth review and potentially delist it. We believe this best protects all our users.
When we conduct these reviews, we consider a variety of factors. Here are some that drive whether we decide to delist a digital asset:
- Commitment of team to project
- Level and quality of development activity
- Trading volume and liquidity
- Stability and safety of network from attacks
- Network / smart contract stability
- Level of public communication
- Responsiveness to our periodic due diligence requests
- Evidence of unethical/fraudulent conduct or negligence
- Contribution to a healthy and sustainable crypto ecosystem
Based on our most recent reviews, we have decided to delist and cease trading on all trading pairs for the following tokens at 2023-03-24 03:00 (UTC):
Please note:
- The exact trading pairs being removed are: HNT/BUSD, WABI/BTC
- All trade orders will be automatically removed after trading ceases in each respective trading pair.
- To view your assets after trading ceases, please ensure you have not selected “Hide small assets” in your Funds page.
- At 2023-03-25 03:00 (UTC), deposits of HNT tokens will be suspended. Deposits of HNT tokens after 2023-03-25 03:00 (UTC) will not be credited to your account and recovery will not be supported.
- Binance will support the Helium (HNT) contract swap on the Solana (SOL) network, with the following timeline:
- At 2023-04-17 03:00 (UTC), withdrawals of HNT tokens will be suspended.
- Binance will handle all technical requirements involved for all users holding HNT in their Binance accounts.
- HNT (SOL) smart contract address: hntyVP6YFm1Hg25TN9WGLqM12b8TQmcknKrdu1oxWux
- Withdrawals of HNT tokens will be reopened at 2023-04-21 03:00 (UTC) and will continue to be supported until 2023-06-24 03:00 (UTC).
- Deposits of WABI tokens after 2023-03-25 03:00 (UTC) will not be credited to your account.
- Withdrawals of WABI tokens from Binance will continue to be supported until 2023-06-24 at 03:00 (UTC).
- Binance Simple Earn will delist the token(s) mentioned above at 2023-03-24 06:00 (UTC). Users may choose to redeem their Flexible and Locked products beforehand. Otherwise, these Flexible and Locked products will be automatically redeemed at the above-mentioned time, and subsequently transferred to users’ Spot Wallets.
- Crypto Loans will delist and liquidate the token(s) mentioned above as borrowable assets and collateral assets at 2023-03-22 03:00 (UTC). Users are suggested to manage their assets in advance to avoid any inconveniences.
- VIP Loan will delist and liquidate the token(s) mentioned above as borrowable assets and collateral assets at 2023-03-22 03:00 (UTC). Users are suggested to manage the assets in advance to avoid any inconveniences.
- Binance Gift Card will delist the token(s) mentioned above at 2023-03-24 03:00 (UTC). Users are suggested to manage their gift card of these token(s) in advance to avoid any inconveniences.
- Binance Pay will delist the token(s) at 2023-03-24 03:00 (UTC).
- Binance will terminate strategy trading services for the aforementioned spot trading pairs at 2023-03-24 03:00 (UTC), where applicable. Users are strongly advised to update and/or cancel their trading strategies prior to the cessation of strategy trading services to avoid any potential losses.
- Binance Futures will close all positions and conduct an automatic settlement on the USDⓈ-M HNTUSDT Perpetual Contract at 2023-03-20 09:00 (UTC). The contract will be delisted after the settlement is complete. Users are not allowed to open new positions for the aforementioned contract starting from 2023-03-20 08:00 (UTC).
- In order to protect our customers and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the USDⓈ-M HNTUSDT Perpetual Contract without further announcement, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates such as the interest rate, premium and capped funding rate, changing the constituents of the price index, and using the Last Price Protected mechanism to update the Mark Price.
- Binance Futures will adjust the leverage and margin tiers of the USDⓈ-M HNTUSDT Perpetual Contract at 2023-03-17 09:00 (UTC), as per the table below. Existing positions opened before the update will be affected. It is strongly advised to adjust the position and leverage prior to the adjustment in order to avoid any potential liquidation.
Updates to Leverage & Margin Tiers:
- HNTUSDT (USDⓈ-M Perpetual Contracts)
Previous Leverage and Margin Tiers | New Leverage and Margin Tiers | ||||
Leverage | Position Before Change (Notional Value in USDT) | Maintenance Margin Rate (Before Change) | Leverage After Change | Position After Change (Notional Value in USDT) | Maintenance Margin Rate (After Change) |
21 - 25x | 0 < Position ≤ 5,000 | 2.00% | 9 - 10x | 0 < Position ≤ 5,000 | 2.00% |
11 - 20x | 5,000 < Position ≤ 25,000 | 2.50% | 7 - 8x | 5,000 < Position ≤ 25,000 | 2.50% |
6 - 10x | 25,000 < Position ≤ 300,000 | 5.00% | 6x | 25,000 < Position ≤ 300,000 | 5.00% |
5x | 300,000 < Position ≤ 800,000 | 10.00% | 5x | 300,000 < Position ≤ 800,000 | 10.00% |
3 - 4x | 800,000 < Position ≤ 1,000,000 | 12.50% | 3 - 4x | 800,000 < Position ≤ 1,000,000 | 12.50% |
2x | 1,000,000 < Position ≤ 3,000,000 | 25.00% | 2x | 1,000,000 < Position ≤ 1,500,000 | 25.00% |
1x | 3,000,000 < Position ≤ 5,000,000 | 50.00% | 1x | 1,500,000 < Position ≤ 2,000,000 | 50.00% |
We thank you for your support as we continue to build the crypto ecosystem in a way that promotes transparency and long-term, sustainable growth.
Thanks for your support!
Binance Team
2023-03-17
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
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