Leading cryptocurrency exchange Binance has announced that a large number of altcoin isolated margin pairs have been delisted.
Cryptocurrency Exchange Binance Delist Continues Transactions
Affected trading pairs include ALCX/BUSD, ALPACA/BUSD, CVX/BUSD, DOCK/BUSD, LOOM/BUSD, MCB/BUSD, MOB/BUSD and TROY/BUSD.
According to the official announcement, the delisting will take effect at 09:00 on 20 July 2023. Prior to delisting, Binance Margin will suspend isolated margin borrowing for these trading pairs at 09:00 on July 17, 2023.
To facilitate the delisting process, Binance Margin will close users' positions on July 20, 2023 at 09:00, make automatic payments and cancel all pending orders on the affected trading pairs.
After closing, isolated margin pairs ALCX/BUSD, ALPACA/BUSD, CVX/BUSD, DOCK/BUSD, LOOM/BUSD, MCB/BUSD, MOB/BUSD and TROY/BUSD will no longer be available for trading on the platform.
It is important to note that users cannot update or change their positions during the delisting process.
Binance strongly advises users to close their positions and transfer their assets from Margin Wallets to Spot Wallets before margin trading is stopped at 09:00 on July 20, 2023.
By taking these precautions, users can reduce possible losses that may result from delisting.
The delisting of these isolated margin pairs reflects Binance's commitment to regularly reviewing and optimizing its trading offers.
By editing existing trading pairs, Binance aims to improve the trading experience of its users and ensure the overall efficiency of the platform.
*Not investment advice.