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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.