Binance to Delist TUSD from Cross and Isolated Margin Trading

Binance,
one
of
the
world’s
leading
cryptocurrency
exchanges,
has
announced
that
it
will
delist





TrueUSD
(TUSD)
from
its
Cross
and
Isolated
Margin
trading
pairs,
effective
July
24,
2024,
at
06:00
(UTC),
according
to

Binance.com.

Details
of
the
Delisting

The
delisting
will
affect
the
following
trading
pairs:

• Cross
  Margin
  Pairs:
  
  
  
  
  
  BTC/TUSD,
  TUSD/USDT
• Isolated
  Margin
  Pairs:
  BTC/TUSD,
  TUSD/USDT

As
part
of
the
delisting
process,
Binance
will
suspend
isolated
margin
borrowing
for
the
affected
pairs
on
July
12,
2024,
at
06:00
(UTC).
Subsequently,
on
July
24,
2024,
at
06:00
(UTC),
Binance
will
close
users’
positions,
conduct
an
automatic
settlement,
and
cancel
all
pending
orders
on
the
aforementioned
pairs.
These
pairs
will
then
be
removed
from
the
Margin
platform.

User
Advisory

Binance
advises
users
to
close
their
positions
and
transfer
their
assets
from
Margin
Wallets
to
Spot
Wallets
before
the
cessation
of
margin
trading
on
July
24,
2024,
to
avoid
any
potential
losses.
During
the
delisting
process,
users
will
not
be
able
to
update
their
positions.

Portfolio
Margin
users
are
also
advised
to
transfer
the
affected
tokens
out
of
their
Margin
Wallets
to
their
Spot
Wallets
and
top
up
their
margin
balance
before
the
delisting
date.
Users
should
monitor
the
Unified
Maintenance
Margin
Ratio
(uniMMR)
closely
to
avoid
potential
liquidation
due
to
the
removal
of
TUSD
from
the
Margin
Wallet.

All
TUSD
balances
in
Cross
Margin
Wallets
under
the
Portfolio
Margin
account
will
be
automatically
converted
to
USDT
starting
from
July
24,
2024,
at
06:00
(UTC).
This
conversion
process
may
take
approximately
24
hours
or
longer.
Binance
Margin
will
not
be
liable
for
any
losses
on
new
positions
during
this
period
that
may
incur
due
to
the
conversion
of
funds.

Additional
Information

Binance
has
highlighted
that
there
may
be
discrepancies
in
the
translated
versions
of
this
announcement.
Users
are
encouraged
to
refer
to
the
original
English
version
for
the
most
accurate
information.

Additionally,
Binance
reserves
the
right
to
amend
or
cancel
this
announcement
at
any
time
without
prior
notice.
Users
in
the
European
Economic
Area
(EEA)
are
reminded
that
unauthorized
stablecoins
are
subject
to
certain
restrictions
from
June
30,
2024,
in
compliance
with
MiCA
requirements.

For
more
details
on
margin
trading
rules
and
risk
warnings,
users
can
refer
to
Binance’s
official

FAQ.

Image
source:
Shutterstock