Binance Launchpad triggered a 4-digit rally this time in a new token sale. The latest delisting, listing and update announcements from the world’s largest cryptocurrency exchange are as follows…
Binance Futures delists FILBUSD contracts
Binance has announced that it will close all positions on the USDⓈ-M FILBUSD Perpetual Contract and perform an automatic settlement. The settlement process will be completed on May 2, 12:00, and the contract will be out of action.
In addition, the exchange will adjust the leverage and margin levels of the USDⓈ-M FILBUSD Perpetual Contract on April 28 according to the chart below. Pay attention to the positions opened before the update. The official announcement states that these positions will be affected. Position and leverage adjustments need to be made before updating to avoid a potential liquidation event.
In the official announcement, the following items are included in the instructions to be applied before the delist:
- Users need to close open positions before delist time to avoid automatic placement.
- As of May 2, 11:30, new positions will not be allowed to be opened for the contract in question.
- Binance Futures will re-adjust leverage and margin levels on April 28 with the removal of the USDⓈ-M FILBUSD Perpetual Contract. Existing positions opened before the update will be affected. Position and leverage settings need to be adjusted before updating to avoid potential risk of liquidation.
- Binance Futures will take additional protective measures regarding the USDⓈ-M FILBUSD Perpetual Contract. These measures include adjusting the maximum leverage and maintenance margin at each margin level, updating the interest rate, premium and cap financing rates, changing the components of the price index, and using the final price protection mechanism.
Binance adds TOMO to cross margin trading
TomoChain (TOMO), which is ranked 297th by market capitalization, opens cross-margin trading on Binance. According to the official announcement, Binance has added TOMO as a new borrowable coin on Cross Margin.
TomoChain (TOMO) is a Blockchain platform founded in 2018 that offers scalability for dApps and DeFi. At the time of writing, it is trading in the $0.8953 region, where it has moved sideways for the day.
Up to 20x leveraged trades launched for EduCoin (EDU)
In a recent announcement, Binance announced that it will open up to 20x leveraged transactions for EduCoin (EDU) on its platform. The USDⓈ-M EDU perpetual contract will become active on April 30.
EduCoin started token sales on Binance Launchpad yesterday, as we reported as Kriptokoin.com. The altcoin surged by 2000% shortly after the listing. At the time of writing, it is trading in the $1.5 region where it retains most of its gains.
WBTC/USDT trading delayed
Binance announced that it has postponed trading for the WBTC/USDT pair until April 28 at 13:00. The exchange apologized to users for the delay in the official announcement.
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