On June 13, Binance announced scheduled system changes that will affect Margin and Select Earn products.
As a result, certain services will be temporarily unavailable during the upgrade period from 06:00 to 07:00 UTC. To ensure user safety and prevent liquidation risks, Binance will suspend trading, borrowing, repayment, and fund transfers between Margin wallets and other wallets, as well as all other Margin-related services.
This also includes the subscription and redemption of Simple Earn Flexible Products and BNB Vault, making Auto-Invest requests, using assets from Simple Earn Flexible Products for cryptocurrency purchases via Auto-Invest, and using balances from Simple Earn Flexible Products for Binance Pay transactions.
During the upgrade, Binance will not utilize its liquidation systems for Binance Margin, the Classic Portfolio Margin Program, and the Portfolio Margin Program.
Users are advised to review their collateral balances and Margin positions before the scheduled upgrade to avoid potential liquidation after the resumption of liquidation mechanisms.
Open orders on Margin will remain unaffected, but we recommend refraining from placing any new orders during the upgrade. During this period, the crypto exchange will not hold responsibility for any liquidation of positions resulting from insufficient collateral. Additionally, linked processes will experience impacts.
