Binance Delisting Cardano (ADA) And Polygon (MATIC), But's There's A Catch
Binance Delisting Cardano (ADA) And Polygon (MATIC) Perpetuals Crypto exchange Binance in an official announcement on August 10 said it will delist USDⓈ-M ADABUSD and MATICBUSD perpetual contracts. Users are requested to make necessary changes as Binance will close all positions and conduct an automatic settlement on August 17 at 09:00 UTC. advertisement In addition, Binance will adjust the leverage and margin tiers of ADABUSD and MATICBUSD perpetual contracts at 12.30 UTC today. However, it’s unclear whether the move has come in response to dropping BUSD support or the SEC citing Cardano and MATIC as securities in lawsuits against Binance and Coinbase. Binance is mainly reducing leverage for both Cardano (ADA) And Polygon (MATIC) perpetual contacts. Users are not allowed to open new positions for ADABUSD and MATICBUSD from 08:30 UTC on August 17. Meanwhile, Cardano and Polygon executives have denied the SEC’s arguments regarding ADA and M...