Binance to Delist 5 Trading Pairs From Margin and Spot Trading

Binance made a tweet earlier today to announce the removal of 5 trading pairs. On 15th June, the team will be removing GNO/BTC, XVG/BTC, and SC/BTC from the list of margin pairs. On 16th June, the team will be removing XVG/BTC GNO/BTC, VTHO/BNB, MBL/BNB, and SC/BTC from the spot pair. Binance to Delist 5 Trading Pairs After suspending GNO/BTC lending on 13th June for some time, Binance will be delisting GNO/BTC, XVG/BTC, and SC/BTC isolated margin pairs on 15th June. The Binance team will be closing users’ holdings and conducting an automatic payment. They will also be canceling any outstanding orders on the isolated margin pairs. Spot and Margin Trading One of the most common trading methods, especially in crypto, is spot trading. When you buy or sell an asset directly, you’re engaging in spot trading. The only difference is that you’re buying or selling cryptos like BNB, ETH, or BTC directly. Margin trading is a type of trading that resembles financial and risk rumors. Like spot trading, margin trading involves trading an asset like BNB or BTC. It depends on borrowing money to make more money on how the price of an underlying asset moves in the futureThe post Binance to Delist 5 Trading Pairs From Margin and Spot Trading appeared first on Cryptoknowmics-Crypto News and Media Platform.