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Venom Blockchain (VENOM) Margin Services to Temporarily Close in July 2025
Venom Blockchain's (VENOM) margin services will be temporarily shut down. To safeguard user assets, it is strongly advised that users cancel open orders, close positions, settle loans, and transfer the VENOM tokens from margin accounts to other accounts, including both cross margin and isolated margin accounts, ahead of the shutdown. As of 03:00:00 UTC / 00:00:00 GMT-3 on July 4, 2025, the margin trading and loan services for VENOM will cease. Additionally, the transfer functions for the Isolated Margin account related to VENOM, as well as loan repayment features, will be closed, though VENOM transfers from margin accounts will remain unaffected.
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AI Analysis
The announcement indicates a planned suspension of margin trading services for VENOM tokens by Venom Blockchain, scheduled for July 4, 2025. This decision could stem from a variety of underlying facto...
AI Recommendation
Investors and users should heed the notification and plan their actions accordingly, prioritizing the transfer and closure of positions before the shutdown date. This proactive approach minimizes pote...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.
