Binance, a major cryptocurrency exchange, recently announced that it will delist several margin trading pairs starting at 06:00 (UTC) on July 8, 2024.
Details of deleted pairs
The affected pairs are:
- Cross Margin: DGB/BTC, TLM/BTC
- Isolated Margin: DGB/BTC, TLM/BTC, VOXEL/BTC
According to the announcement, Binance will stop segregated margin borrowing for these pairs on July 7, 2024 at 06:00 (UTC). The delisting process includes closing users’ positions, performing auto-fills, and canceling all pending orders for the specified pairs. Users are advised to close positions and transfer assets from their margin wallet to their spot wallet before margin trading is suspended to avoid potential losses.
Impact on users
Binance emphasized that users will not be able to update their positions during the delisting process. The affected pairs will no longer be available for margin trading, but users will still be able to trade the listed assets on other available pairs within Binance Margin.
Binance 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 take into account 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 better manage risk. The exchange reserves the right to amend or cancel the announcement at any time without prior notice.
For more information, users are encouraged to refer to Binance’s Terms of Use and Risk Warning page.
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