#Binance Suspends Some Margin Trading Services#
Hot Topic Overview
Overview
Binance has announced that it will stop offering certain assets as borrowable assets for Binance Earn – Locked Staking, starting from 11:00 AM (UTC+8) on January 15, 2025. The assets that will be removed from the borrowable asset list include Banana Gun (BANANA), Gains Network (GNS), Harmony (ONE), Kadena (KDA), Liquity (LQTY), Livepeer (LPT), Portal (PORTAL), Tellor Tributes (TRB), Viberate (VIB), and Vulcan Forged PYR (PYR).This adjustment means users will no longer be able to use these assets for Locked Staking, and Binance will no longer support lending services for these assets.
Ace Hot Topic Analysis
Analysis
Binance announced that, effective January 15, 2025, 11:00 AM UTC, Binance Earn will stop offering certain assets as eligible for borrowing, including Banana Gun (BANANA), Gains Network (GNS), Harmony (ONE), Kadena (KDA), Liquity (LQTY), Livepeer (LPT), Portal (PORTAL), Tellor Tributes (TRB), Viberate (VIB), and Vulcan Forged PYR (PYR). This move means that users will no longer be able to use these assets for borrowing through Binance Earn or borrow these assets. Binance has not provided a reason for the discontinuation of these assets as eligible for borrowing. However, the decision may be related to market risks, liquidity concerns, or other factors.The event has garnered market attention, with some analysts suggesting that Binance's move could reflect a decline in overall cryptocurrency market risk appetite and concerns about liquidity for certain assets.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance has stopped providing staking and borrowing services for some assets, which may be related to the liquidity or risk control of these assets.
This move by Binance may reflect its emphasis on risk management and its cautious attitude towards the market outlook of some assets.
This adjustment may have some impact on the prices of related assets, but the specific extent of the impact remains to be seen.
Binance's move may trigger imitation by other exchanges, and more exchanges may adjust their borrowing services in the future.