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In a recent announcement, major crypto exchange Binance issued a notice of removal for selected margin trading pairs, which will be delisted from Cross and Isolated Margin platforms as applicable.
A total of eight pairs will be delisted from Cross Margin; three out of these eight will be delisted on Isolated Margin, with the delisting set to occur on August 21.
The eight Cross Margin pairs affected include AUCTION/USDC, BEAMX/USDC, CETUS/USDC, HUMA/USDC, LAYER/USDC, NXPC/USDC, UMA/USDC and VELODROME/USDC.
The Isolated Margin pairs affected are three in number and include HUMA/USDC, LAYER/USDC and NXPC/USDC. Binance Margin will delist the aforementioned margin trading pairs on August 21 at 06:00 (UTC).
Starting from now, users will no longer be able to transfer any amount of assets of the said pairs via manual transfers and Auto-Transfer Mode into their Isolated Margin accounts with immediate effect.
Delisting dates
Binance Margin will suspend isolated margin borrowing on the isolated margin pairs of HUMA/USDC, LAYER/USDC and NXPC/USDC on August 18 at 06:00 (UTC).
Binance Margin will close users' positions, conduct an automatic settlement, and cancel all pending orders on the cross and isolated margin pairs listed on August 21 at 06:00 (UTC). These pairs will then be removed from Binance Margin.
Users will not be able to update their positions during the delisting process, which may take about 3 hours; hence, they are urged to close their positions and/or transfer their assets from Margin Accounts to Spot Accounts prior to the cessation of Margin trading on August 21 to avoid potential losses.
Binance to perform wallet maintenance for BNB Smart Chain
Binance will perform wallet maintenance for BNB Smart Chain (BEP20) on August 20 at 06:00 (UTC).
To support the wallet maintenance, deposits and withdrawals on BNB Smart Chain (BEP20) will be suspended starting from August 20 at 05:55 (UTC) and will be resumed when the maintenance is complete. The maintenance will take about one hour, but trading of tokens on the network will not be impacted.
U.Today Editorial Team
Dan Burgin
