Binance to Remove Certain Margin Trading Pairs

Binance
Announces
Removal
of
Margin
Trading
Pairs

Renowned
cryptocurrency
exchange,
Binance,
has
announced
plans
to
delist
several
margin
trading
pairs
on
its
platform,
according
to
a
recent

announcement
on
its
official
website.
The
process
will
take
effect
from
6:00
UTC,
May
31,
2024.

Details
of
the
Delisting

The
margin
trading
pairs
due
for
removal
include
Cross
Margin
pairs
such
as
MDX/BTC,
SEI/TUSD,
and
SUI/TUSD,
as
well
as
Isolated
Margin
pairs
including
ALPACA/BTC,
ARKM/TUSD,
CHESS/BTC,
MDX/BTC,
SEI/TUSD,
and
SUI/TUSD.

Furthermore,
Binance
Margin
will
suspend
isolated
margin
borrowing
on
the
aforementioned
isolated
margin
pairs
from
6:00
UTC,
May
24,
2024.
By
May
31,
2024,
the
platform
will
close
users’
positions,
conduct
an
automatic
settlement,
and
cancel
all
pending
orders
on
the
said
cross
and
isolated
margin
pairs.
These
pairs
will
subsequently
be
removed
from
Margin.

Precautions
for
Users

Users
are
advised
that
they
will
not
be
able
to
update
their
positions
during
the
delisting
process.
It
is
therefore
strongly
recommended
that
they
close
their
positions
and/or
transfer
their
assets
from
Margin
Wallets
to
Spot
Wallets
prior
to
the
cessation
of
margin
trading
at
the
stated
time.
Binance
has
made
it
clear
that
it
will
not
be
responsible
for
any
potential
losses
resulting
from
this
process.

Despite
the
delisting,
users
will
still
be
able
to
trade
the
affected
assets
on
other
trading
pairs
available
on
Binance
Margin.
The
platform
also
reserves
the
right
to
amend
or
cancel
this
announcement
at
any
time
and
for
any
reasons
without
prior
notice.

Binance’s
announcement
is
a
significant
move
in
the
crypto
trading
landscape,
reflecting
the
platform’s
commitment
to
maintain
a
healthy
trading
environment
for
its
users.
Users
are
advised
to
stay
updated
with
Binance’s
announcements
for
further
developments.

Image
source:
Shutterstock

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