Major margin trading pairs to be phased out on Binance

Binance lists important dates and procedures for terminating certain leveraged trading pairs.

Binance announced important dates and procedures for halting certain leveraged trading pairs on its margin platform. As of 14:00 (GMT+8) on January 16, 2025, affected cross-margin pairs will include LIT/BTC, NULS/BTC, and SFP/BTC. The isolated margin pairs that will be removed will be BEL/BTC. , LIT/BTC, LSK/BTC, NULS/BTC and SFP/BTC.

Margin trading allows users to borrow money to strengthen their trading positions, increasing both potential gains and losses. In cross margin trading, the entire margin balance in a user’s account is shared among all open positions; This means that losses on one trade can affect other positions. In contrast, isolated margin trading limits risk to a single trading pair, with margin allocated only to that pair.

As part of the delisting process, Binance will suspend isolated margin lending for these pairs starting at 14:00 (GMT+8) on January 9, 2025. Users will no longer be able to transfer assets to isolated margin accounts linked to these pairs. Open positions must be closed manually by transferring liabilities and collateral. All unresolved positions will be automatically closed and liquidated at the final delisting time on January 16th and all pending orders will be cancelled.

To avoid potential losses, Binance strongly recommends users to close their positions and transfer assets from margin wallets to spot wallets before delisting occurs, as no updates to positions will be allowed during this process. Trading of the affected tokens will continue to be possible on other pairs on Binance’s margin platform.

For full details and the most up-to-date information, users are advised to refer to Binance’s official announcements and resources regarding the delisting process.

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