{"id":106248,"date":"2023-06-09T11:43:00","date_gmt":"2023-06-09T11:43:00","guid":{"rendered":"https:\/\/dripp.zone\/news\/binance-to-temporarily-suspend-all-crypto-margin-and-earn-related-services-crypto-news\/"},"modified":"2023-06-09T11:43:02","modified_gmt":"2023-06-09T11:43:02","slug":"binance-to-temporarily-suspend-all-crypto-margin-and-earn-related-services-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/binance-to-temporarily-suspend-all-crypto-margin-and-earn-related-services-crypto-news\/","title":{"rendered":"Binance To Temporarily Suspend All Crypto Margin And Earn Related Services\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>The world&#8217;s largest <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/blog\/binance-exchange-review\/\">crypto exchange Binance<\/a> on Friday said it will perform scheduled system upgrades for Margin and selected Earn money products on June 13. The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/crypto-exchange-2\">crypto exchange<\/a> will suspend services related to Margin and some Binance Earn products.  Users need to check their collateral balances and margin positions before the scheduled upgrade.<\/p>\n<h2>Binance to Suspend Services Such as Margin Trading and Earn Product<\/h2>\n<p>According to an official <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.binance.com\/en\/support\/announcement\/binance-margin-binance-earn-system-upgrade-notice-2023-06-13-ecb045024b6343619132ff175ab2ce95\">announcement<\/a> on June 9, Binance to perform scheduled system upgrades for Binance Margin and selected Binance Earn products next week.  These services will be affected from 06:00 to 07:00 UTC on June 13.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<p>Binance will suspend related services to protect its users and prevent any potential liquidation during the upgrade.  All Margin-related services such as trading, borrowing, repayments, and fund transfer between Margin wallets and other wallets will be temporarily unavailable.<\/p>\n<p>The exchange will also suspend subscriptions and redemptions of Simple Earn Flexible Products and BNB Vault.  It includes n<span class=\"richtext-text css-68muu9\" data-bn-type=\"text\">ew Auto-Invest requests, crypto purchases via Auto-Invest with assets from Simple Earn Flexible Products, and using Simple Earn Flexible Products balance for Binance Pay transactions.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<p><strong>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" title=\"How US SEC And Court To Deliver Legal Papers To Binance And CEO \u201cCZ\u201d?\" href=\"https:\/\/coingape.com\/us-sec-and-court-deliver-legal-papers-binance-ceo-cz\/\">How US SEC And Court To Deliver Legal Papers To Binance And CEO \u201cCZ\u201d?<\/a><\/strong><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<p>Binance will suspend its <span class=\"richtext-text css-68muu9\" data-bn-type=\"text\">liquidation mechanisms for Binance Margin, the <\/span>Classic Portfolio Margin Program<u>,<\/u><span class=\"richtext-text css-68muu9\" data-bn-type=\"text\">  and <\/span>Portfolio Margin Program during the upgrade.<\/p>\n<blockquote>\n<p>\u201cTo avoid any potential liquidation following the resumption of the liquidation mechanisms due to any price fluctuations during this period, users are strongly advised to reassess their collateral balances and Margin positions prior to the scheduled upgrade.\u201d<\/p>\n<\/blockquote>\n<p>The upgrade will not impact open orders on Margin, but users should avoid placing new orders during the upgrade.  Binance said it will not be liable if a user&#8217;s positions are liquidated due to insufficient collateral against open Margin positions.  Other related functions are also affected.<\/p>\n<p><strong>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" title=\"Breaking: US House Releases Stablecoin Bill To Bring Clarity &#038; Giving Fed Authority\" href=\"https:\/\/coingape.com\/us-house-releases-stablecoin-bill-bring-clarity-giving-fed-authority\/\">US House Releases Stablecoin Bill To Bring Clarity &#038; Giving Fed Authority<\/a><\/strong><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<div class=\"quads-location quads-ad86313 \" id=\"quads-ad86313\" style=\"float:none;text-align:center;padding:0px 0 0px 0;\">\n<!--   --><\/p>\n<p><!-- \n\n<div class=\"ad-container-layout\">\n      \n\n<div class=\"ad-container\">\n        <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bit.ly\/3JbHb8M\">\n          <noscript><img decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2022\/06\/05005321\/bitget11-1.png\" alt=\"bitget-images\" class=\"ad-image\" style=\"\n    width: 95%;\n\"><\/noscript>\n        <\/a>\n        \n\n<div class=\"ad-content\">\n          <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bit.ly\/3JbHb8M\">\n            <span class=\"ad-title\">Bitget is a Leading Derivatives Trading Platform. 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Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers.  With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies.  He is currently covering all the latest updates and developments in the crypto industry.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/f187fb5b7b3b0b9367ef83384cb40d5f?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD151236\">\n<p>    The content presented may include the personal opinion of the author and is subject to market conditions.  Do your market research before investing in cryptocurrencies.  The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p><!-- \n\n<div class=\"container p-1 mb-3  mt-4 \">\n    \n    \n     \n\n<div class=\"Maintitle clgrn border-0\">\n               <span>Crypto Stories<\/span>\n                    \n                    \n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/\" class=\"viewAll p-0\">View all<\/a>\n                <\/div>\n\n\n     \n\n<div class=\"row mobileXS \">\n                     \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/twitter-is-now-worth-just-33-of-elon-musks-purchase-price\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20640%20853'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/05\/31173623\/twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/05\/31173623\/twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Twitter is now worth just 33% of Elon Musk\u2019s purchase price <\/div>\n\n\n            <\/a>\n            <\/div>\n\n\n        <\/div>\n\n\n        <\/div>\n\n\n          \n          \n  \n              \n          \n\n<div class=\"item col-md-4\"> \n        \n\n<div class=\"Newseducation\">\n         \n\n<div class=\"Eduimg WduImg\">\n            <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/web-stories\/will-cramer-curse-strike-again\/?utm_source=post&utm_medium=web-story\">\n            \n\n<div class=\"edIm StoryWebimg\"><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20640%20853'%3E%3C\/svg%3E\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"will_cramer_curse_strike_again_720\" decoding=\"async\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/05\/31165520\/will_cramer_curse_strike_again_720.jpg\" \/><noscript><img loading=\"lazy\" width=\"640\" height=\"853\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/05\/31165520\/will_cramer_curse_strike_again_720.jpg\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"will_cramer_curse_strike_again_720\" decoding=\"async\" \/><\/noscript><\/div>\n\n\n                \n\n<div class=\"Educontent\">Will Cramer Curse Strike Again? 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The crypto exchange will suspend services related to Margin and some Binance Earn products. Users need to check their collateral balances and margin positions before the scheduled upgrade. Binance to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":95993,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-106248","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/106248","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=106248"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/106248\/revisions"}],"predecessor-version":[{"id":106249,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/106248\/revisions\/106249"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/95993"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=106248"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=106248"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=106248"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}