Exchange Announcement Tracking

Feb 15,2024
Binance: Announcement that Binance leverage and VIP borrowing currency will remove PLA Fellow Binancians, Binance Margin and Binance VIP Loan will remove PlayDapp (PLA) at 2024-02-21 06:00 (UTC). Binance Margin will delist the PLA/USDT cross margin and isolated margin pair(s) at 2024-02-21 06:00 (UTC). At 2024-02-21 06:00 (UTC), Binance Margin will close users’ positions, conduct an automatic settlement and cancel all pending orders on the aforementioned cross and isolated margin pair(s). These pair(s) will then be removed from Margin. Please note that users will not be able to update their positions during the delisting process, and they are strongly advised to close their positions and/or transfer their assets from Margin Wallets to Spot Wallets prior to the cessation of margin trading at 2024-02-21 06:00 (UTC). Binance will not be responsible for any potential losses. Portfolio Margin users are advised to transfer the token(s) mentioned above out of their Margin Wallet to their Spot Wallet and to top up their margin balance before 2024-02-21 06:00 (UTC) where applicable. Users should monitor the Unified Maintenance Margin Ratio (Uni-MMR) closely to avoid any potential liquidation that may result from the removal of the token(s) mentioned above from the Margin Wallet.All PLA balances in Cross Margin Wallets under the Portfolio Margin account will be automatically converted to USDT from 2024-02-21 06:00 (UTC). The conversion may take approximately 24 hours or longer. Binance Margin will not be liable for any losses on new positions during this period that may incur due to the conversion of funds. Refer to this FAQ for more information.Binance VIP Loan will close all outstanding loan positions for the aforementioned token(s) as loanable token(s) and collateral token(s) at 2024-02-21 06:00 (UTC). Users are strongly advised to repay their outstanding loans before 2024-02-21 06:00 (UTC) to avoid any potential losses, where applicable.There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise. Thank you for your support! Binance Team 2024-02-15 Original link:
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