Binance has announced the postponement of the highly anticipated listing of Binance Staked SOL (BNSOL) as collateral for Cross Margin trading. Initially set to go live on October 14, 2024, at 08:00 UTC, the listing has been delayed until further notice, according to a company statement released Monday.
The BNSOL/SOL trading pair on Isolated Margin will also face a brief delay, now set to launch at 11:30 UTC on the same day, instead of the originally scheduled 08:00 UTC.
Binance did not provide specific reasons for the postponements but assured users that updates will be communicated as soon as new timelines are confirmed.
These delays come as Binance continues to expand its margin offerings, with BNSOL being one of the key assets anticipated by traders for both Cross Margin and Isolated Margin strategies. The platform’s Binance Staked SOL allows users to stake Solana (SOL) while maintaining liquidity, offering both staking rewards and trading flexibility.
For now, traders will need to wait for further updates on when the BNSOL margin services will become available.
