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Sandeep Kumar Mishra
Feb 7, 2023

Binance Margin to Delist FIO, GNO, IRIS, MLN, WTC Trading Pairs From Isolated Margin

Binance Isolated Margin
Leading crypto exchange Binance has announced that it will delist FIO, GNO, IRIS, MLN, and WTC trading pairs from Isolated Margin borrowing on 16th February at 06:00 (UTC).

Binance to Conduct An Automatic Settlement On All Pending Orders

Binance will close users’ positions, conduct an automatic settlement and cancel all pending orders on the FIO/BTC, FIO/BUSD, FIO/USDT, GNO/USDT, IRIS/BTC, IRIS/USDT, MLN/BTC, MLN/BUSD, MLN/USDT, WTC/BTC, and WTC/USDT isolated margin pairs. Binance will then delist these pairs from the Isolated Margin.

Binance has also said that users will not be able to update their positions during the delisting process and advised its users to close their positions and/or transfer their assets from their Margin Wallet to their Spot Wallet prior to the cessation of margin trading. The exchange also said that will not be responsible for any potential losses.

Binance Tax to Help Users With Their Crypto-Related Tax Liabilities

Yesterday, Binance also launched Binance Tax, which allows users to import their Binance transactions into their calculator and obtain a simple yet comprehensive estimate of their tax obligations depending on their jurisdiction. However, it is worth noting that it is still in an early launch phase, and as such, its algorithm does not yet cover all the types of transactions within Binance's vast ecosystem.

Binance Margin to Delist FIO, GNO, IRIS, MLN, WTC Trading Pairs From Isolated Margin
Sandeep is an avid cryptocurrency enthusiast and a keen & passionate blogger. He has a strong mix of skills in the areas of computer networking, cryptography, algorithms, and data structures and specializes in ERC20 tokens. Lately, he is taking a lot of interest in blockchain-powered AI solutions, about which he is also reading and writing extensively. He has to his name dozens of deeply researched articles about cryptocurrencies, blockchain, AI, and IoT. Apart from that, he loves to keep track of the latest trends in social media and digital marketing space. Also, as a huge proponent of blockchain and cryptocurrencies, Sandeep tries to deliver all the latest cryptocurrency news to ardent crypto supporters like yourselves. If you like his content, feel free to follow him on LinkedIn.

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