Binance, the world’s largest cryptocurrency exchange in terms of daily trading volume, has made new announcements. According to the announcements of the exchange, new altcoins will be added to cross margin and isolated margin transactions. Apart from that, the stock market also made a delist announcement. Here are the details…
Binance adds new altcoins to margin trading
Binance has added GMX (GMX) and SONM (SNM) to its cross-margin and isolated margin services. It has also added these coins as a new loanable asset to its new margin pairs. So, the new couples were as follows:
- New cross-margin pairs: ATA/BUSD, ATA/USDT, DEGO/BUSD, DEGO/USDT, ERN/BUSD, ERN/USDT, GMX/BUSD, GMX/USDT, HIGH/BUSD, HIGH/USDT, LIT/BUSD, LIT /USDT, RSR/BUSD, RSR/USDT, SNM/BUSD
- New isolated margin pairs: GMX/BUSD, GMX/USDT, SNM/BUSD
Some margin pairs delist
On the other hand, the exchange announced that it will delist two margin pairs and three spot pairs. According to the statement, Binance will issue Helium (HNT) / Binance USD (BUSD) and Helium (HNT) / Tether (USDT) pairs from cross and isolated margin pairs as of October 12, 2022. It is worth noting that users can buy and sell the above assets with other pairs available on the exchange.
Margin borrowing process for HNT/BUSD and HNT/USDT pairs will be suspended as of 7 October 2022, 6 CEST. Then all pending orders on the HNT/USDT collateral pairs will be cancelled. Delist will take place after that. The exchange advises users to close their positions in advance.
Some spot pairs including OOKI/BNB are also delisting
It will also delist the following trading pairs in spot pairs. The said delist will take place on October 14, 2022, at 6 CEST:
- Helium (HNT) / Bitcoin (BTC)
- Helium (HNT) / Tether (USDT)
- Ooki (OOKI) / BNB Coin (BNB)
OOKI stands out especially in this list. As we have reported as Kriptokoin.com, the project attracted attention with the lawsuit filed by the US regulator CFTC. On September 22, the CFTC filed a lawsuit against the Ooki DAO, alleging that the organization was offering “illegal, over-the-counter asset trading.” He claimed that he violated the registration rules and violated the provisions of the Bank Secrecy Act.
Ooki DAO members discussed how to respond to the CFTC case. He suggested that he allocate funds from the treasury to hire lawyers for DAO members, seek support from the decentralized finance (DeFi) community, and raise legal funds by selling NFTs. Many expect the organization to initiate a management vote to finalize any decision on the case.
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