Binance has announced the removal of several leveraged trading pairs and financial products involving SRM (Serum) and RAY (Raydium) tokens. Below is a detailed breakdown of the changes and recommended actions for users.
Key Changes Effective November 23, 2022 (UTC+8)
1. Leveraged Trading Pairs Removal
The following full-margin and isolated-margin trading pairs will be delisted:
SRM Pairs:
- SRM/BTC
- SRM/BUSD
- SRM/USDT
RAY Pairs:
- RAY/BUSD
- RAY/USDT
Action Required:
- All open leveraged positions for these pairs will be automatically liquidated at 11:00 (UTC+8).
- Pending orders will be canceled.
👉 How to avoid liquidation risks?
2. Binance Earn Product Adjustments
- SRM Flexible Savings will be delisted.
- RAY Flexible Savings and Locked Savings products will be discontinued.
Process:
- Holdings in flexible products will be returned to users’ spot wallets.
- Locked Savings will be automatically redeemed, with principal and accrued interest transferred to spot wallets.
3. Liquidity Mining and DCA Plan Updates
- RAY/USDT and RAY/BNB liquidity pools will be closed. Assets will be refunded to spot wallets.
- RAY will be removed from Binance’s DCA (Dollar-Cost Averaging) plans. Existing subscriptions will be paused.
Critical User Recommendations
Leverage Users:
- Close positions before November 23, 11:00 (UTC+8) to prevent forced liquidation.
- Transfer remaining SRM/RAY from margin to spot accounts if using Binance’s Unified Account.
Monitor Maintenance Margin (Uni-MMR):
- Ensure sufficient collateral to avoid unintended liquidations due to delisted assets.
Earn Product Participants:
- No action needed—redemptions will be processed automatically.
FAQs
Q1: Why is Binance delisting SRM and RAY products?
A1: Binance periodically reviews offerings to ensure market quality. Low liquidity or compliance factors may trigger delistings.
Q2: Can I still trade SRM/RAY on Binance after November 23?
A2: Only spot trading (non-leveraged) will remain available unless further announcements are made.
Q3: Will my DCA plan resume if RAY is relisted?
A3: No—users must manually reconfigure plans if RAY returns to DCA offerings.
👉 Explore alternative investment options here