Binance to Delist Several Margin Trading Pairs on July 8, 2024

Binance,
a
leading
cryptocurrency
exchange,
has
announced
the
delisting
of
several
margin
trading
pairs,
effective
July
8,
2024,
at
06:00
(UTC),
according
to
a

recent
announcement.

Details
of
Delisted
Pairs

The
affected
pairs
include:

• 
  Cross
  Margin:
  DGB/BTC,
  TLM/BTC
• 
  Isolated
  Margin:
  DGB/BTC,
  TLM/BTC,
  VOXEL/BTC

As
per
the
announcement,
Binance
will
suspend
isolated
margin
borrowing
for
these
pairs
on
July
7,
2024,
at
06:00
(UTC).
The
delisting
process
will
involve
closing
users’
positions,
conducting
an
automatic
settlement,
and
canceling
all
pending
orders
on
the
specified
pairs.
Users
are
advised
to
close
their
positions
and
transfer
their
assets
from
Margin
Wallets
to
Spot
Wallets
before
the
cessation
of
margin
trading
to
avoid
potential
losses.

Impact
on
Users

Binance
has
emphasized
that
users
will
not
be
able
to
update
their
positions
during
the
delisting
process.
Although
the
affected
pairs
will
no
longer
be
available
for
margin
trading,
users
can
still
trade
the
listed
assets
on
other
available
pairs
within
Binance
Margin.

Binance
has
also
highlighted
the
inherent
risks
associated
with
margin
trading,
including
high
market
risk
and
price
volatility.
The
exchange
advises
users
to
understand
the
risks
involved
and
consider
their
investment
experience
and
financial
situation
before
engaging
in
margin
trading.

Future
Outlook

This
move
by
Binance
is
seen
as
part
of
its
ongoing
efforts
to
streamline
its
offerings
and
manage
risk
more
effectively.
The
exchange
reserves
the
right
to
amend
or
cancel
the
announcement
at
any
time
without
prior
notice.

For
further
details,
users
can
refer
to
Binance’s

Terms
of
Use
and

Risk
Warning
pages.

Image
source:
Shutterstock