Crypto exchange Binance has made an announcement about delisting certain trading pairs used for cross-margin and isolated-margin trading. These pairs include ADA, MATIC, SHIB, LUNA, and LUNC.
Binance, the world’s largest crypto exchange, has made the decision to remove certain margin trading pairs from Binance Margin. This move includes major cryptocurrencies like Cardano (ADA), Polygon (MATIC), Avalanche (AVAX), Bitcoin Cash (BCH), Chainlink (LINK), Shiba Inu (SHIB), and Dogecoin (DOGE).
Binance Removes Major Margin Trading Pairs
Crypto exchange Binance has officially announced that on November 9, they will be removing several cross-margin and isolated-margin trading pairs. This includes major cryptocurrencies like BCH, ADA, AVAX, DOGE, DOT, FIL, LINK, LTC, MATIC, and SHIB. The decision is part of a broader strategy to discontinue support for the BUSD stablecoin by February 2024.
Users will no longer be able to borrow these cryptocurrencies through isolated margin trading starting on November 3 at 06:00 UTC. Additionally, Binance Margin will close positions, conduct automatic settlements, and cancel all pending orders for these margin pairs on November 9.
To avoid potential losses, users are strongly advised to close their positions and transfer their assets from Margin Wallets to Spot Wallets before the margin trading ends on November 9, 2023, at 06:00 UTC.
The exchange has also removed significant liquidity pools associated with various cryptocurrencies, including Bitcoin, Ethereum, Binance Coin, Cardano, Polygon, Solana, Shiba Inu, and Dogecoin.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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