In its February 22 delist announcement, Binance announced that it will stop cross and isolate margin transactions for 3 altcoins. The trading pairs and price movements to be suspended are as follows…
February 22 Binance delist announcement
The exchange has disabled ‘cross margin’ trading of Loom Network (LOOM) and Stratis (STRAX). OG Fan Token will be delisted on ‘isolated margin’. According to the official announcement, “Binance will suspend LOOM/BUSD, STRAX/BUSD, and STRAX/USDT cross margin borrowing, as well as OG/BTC and OG/USDT isolated margin borrowing, as of February 24 at 09:00.”
Binance will stop all trading on the specified pairs on March 3
Positions and orders that remain open will be automatically closed on February 3. Users are required to stop trading on the specified pairs before this date. Investors who chose to sell for this reason caused a slight decrease in prices.
https://twitter.com/binance/status/162834958070513642
Post-Delist LOOM, STRAX and OG token prices
All three cryptocurrencies were down around 3% on the day. Meanwhile, Bitcoin, Ethereum and most major altcoins are trading similarly bearish. Loom Network (LOOM) lost the most with 4.5%. OG Fan Token drops around 3%.
As we reported as Kriptokoin.com, today Synapse (SYN) has been on the rise with the news that it will be listed on Binance. Synapse was also on the agenda with its rise earlier this month.
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