Binance, one of the world’s largest cryptocurrency exchanges, has announced a delisting. TrueUSD According to Binance.com, (TUSD) will be removed from cross and isolated margin trading pairs starting from July 24, 2024 at 06:00 (UTC).
Delisting Details
Delisting will affect the following trading pairs:
- Cross Margin Pairs: Bitcoin/TUSD, TUSD/USDT
- Separated Margin Pairs: BTC/TUSD, TUSD/USDT
As part of the delisting process, Binance will stop segregated margin borrowing for the pairs at 06:00 (UTC) on July 12, 2024. Then, on July 24, 2024, 06:00 (UTC), Binance will close user positions, perform automatic settlements, and cancel all pending orders for the aforementioned pairs. These pairs will then be removed from the margin platform.
User Recommendations
Binance advises users to close positions and transfer assets from their Margin Wallet to their Spot Wallet to avoid potential losses before Margin Trading is halted on July 24, 2024. Users will not be able to update their positions during the delisting process.
Portfolio Margin users are also advised to move affected tokens from their margin wallets to their spot wallets and replenish their margin balances before the delisting date. Users should closely monitor their Unified Maintenance Margin Ratio (uniMMR) to avoid potential liquidations due to TUSD being removed from their margin wallets.
All TUSD balances in the Cross Margin Wallet of your Portfolio Margin Account will be automatically converted to USDT starting from July 24, 2024 06:00 (UTC). This conversion process may take approximately 24 hours or more. Binance Margin is not responsible for any losses incurred from new positions due to the conversion of funds during this period.
Additional information
Binance emphasized that there may be inconsistencies in the translated version of this announcement. Users are advised to refer to the original English version for the most accurate information.
Additionally, Binance reserves the right to amend or cancel this notice at any time without prior notice. Users in the European Economic Area (EEA) are reminded that non-approved stablecoins are subject to certain restrictions starting June 30, 2024 in compliance with MiCA requirements.
For more information on margin trading rules and risk warnings, please refer to the official Binance FAQ.
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