Binance to Delist Several Margin Trading Pairs on August 22, 2024
Timothy Morano Aug 14, 2024 12:04
Binance announces the delisting of several margin trading pairs, including BICO/BTC and DAR/BTC, effective August 22, 2024.
Binance, one of the world’s leading cryptocurrency exchanges, has announced the removal of several margin trading pairs, effective August 22, 2024. According to Binance, the delisting will impact both cross margin and isolated margin pairs.
Details of the Delisting
The affected margin trading pairs include:
- Cross Margin Pairs: BICO/BTC, DAR/BTC
- Isolated Margin Pairs: BICO/BTC, BNT/BTC, DAR/BTC, UTK/BTC
Binance has specified that isolated margin borrowing for these pairs will be suspended on August 19, 2024, at 06:00 UTC. Subsequently, on August 22, 2024, at 06:00 UTC, the exchange will close user positions, conduct an automatic settlement, and cancel all pending orders for the affected pairs.
User Advisory
Binance advises users to close their positions and transfer assets from Margin Wallets to Spot Wallets before the delisting date to avoid potential losses. Users will not be able to update their positions during the delisting process.
The exchange also emphasized that the assets in question can still be traded on other available trading pairs within Binance Margin.
Disclaimer and Risk Warning
Binance has issued a disclaimer stating that digital asset prices are subject to high market risk and price volatility. The company is not liable for any potential losses incurred during the delisting process. Users are advised to carefully consider their investment experience, financial situation, and risk tolerance before engaging in trading activities.
For more detailed information, please refer to the original announcement on the Binance website.
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