Binance to Delist Several Margin Trading Pairs on August 22, 2024

Binance,
one
of
the
world’s
leading
cryptocurrency
exchanges,
has
announced
the
removal
of
several
margin
trading
pairs,
effective
August
22,
2024.
According
to

Binance,
the
delisting
will
impact
both
cross
margin
and
isolated
margin
pairs.

Details
of
the
Delisting

The
affected
margin
trading
pairs
include:

• 
  Cross
  Margin
  Pairs:
  BICO/BTC,
  DAR/BTC
• 
  Isolated
  Margin
  Pairs:
  BICO/BTC,
  BNT/BTC,
  DAR/BTC,
  UTK/BTC

Binance
has
specified
that
isolated
margin
borrowing
for
these
pairs
will
be
suspended
on
August
19,
2024,
at
06:00
UTC.
Subsequently,
on
August
22,
2024,
at
06:00
UTC,
the
exchange
will
close
user
positions,
conduct
an
automatic
settlement,
and
cancel
all
pending
orders
for
the
affected
pairs.

User
Advisory

Binance
advises
users
to
close
their
positions
and
transfer
assets
from
Margin
Wallets
to
Spot
Wallets
before
the
delisting
date
to
avoid
potential
losses.
Users
will
not
be
able
to
update
their
positions
during
the
delisting
process.

The
exchange
also
emphasized
that
the
assets
in
question
can
still
be
traded
on
other
available
trading
pairs
within
Binance
Margin.

Disclaimer
and
Risk
Warning

Binance
has
issued
a
disclaimer
stating
that
digital
asset
prices
are
subject
to
high
market
risk
and
price
volatility.
The
company
is
not
liable
for
any
potential
losses
incurred
during
the
delisting
process.
Users
are
advised
to
carefully
consider
their
investment
experience,
financial
situation,
and
risk
tolerance
before
engaging
in
trading
activities.

For
more
detailed
information,
please
refer
to
the
original
announcement
on
the
Binance
website.

Image
source:
Shutterstock