Binance has announced a delay in the listing of Binance Staked SOL (BNSOL) on its margin trading platform, which was previously scheduled for October 14, 2024 at 11:00 AM ET.
Binance Postpones BNSOL Listings on Margin Trading Platforms
The exchange said that the availability of BNSOL as eligible collateral on Cross Margin will be postponed until further notice. No specific reason was given for the change, and Binance did not announce a new launch date.
Meanwhile, the BNSOL/SOL trading pair on Isolated Margin will go live at 14:30 on October 14, but three and a half hours later than originally planned.
Staking assets like Binance’s BNSOL offer users the ability to earn staking rewards while maintaining liquidity. However, sudden adjustments to listings could impact traders planning to use these assets for leveraged trading.
The exchange advised users to stay updated through its official channels for further announcements regarding the new Cross Margin launch timeline.
*This is not investment advice.