Binance, one of the largest cryptocurrency exchanges in the world, has announced that it will remove several margin trading pairs from its platform. The exchange will delist a total of eight pairs on its Cross Margin platform and three pairs on its Isolated Margin platform, with all removals scheduled for August 21 at 06:00 (UTC).
Eight margin trading pairs to be delisted
The affected Cross Margin pairs are AUCTION/USDC, BEAMX/USDC, CETUS/USDC, HUMA/USDC, LAYER/USDC, NXPC/USDC, UMA/USDC, and VELODROME/USDC. For Isolated Margin, the pairs set for delisting include HUMA/USDC, LAYER/USDC, and NXPC/USDC. Binance stated that all margin trading activities involving these pairs will be discontinued at the specified time.
Binance Margin will begin suspending isolated margin borrowing for HUMA/USDC, LAYER/USDC, and NXPC/USDC on August 18 at 06:00 (UTC). Starting immediately, users are unable to transfer assets related to these pairs via manual transfer or Auto-Transfer Mode into their Isolated Margin accounts.
At the time of delisting, Binance Margin will close users’ positions, execute an automatic settlement, and cancel all pending orders associated with the listed pairs. After the process is completed, which may take up to three hours, these pairs will be fully removed from Binance Margin trading.
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Binance urges users to close their positions and transfer assets from Margin Accounts to Spot Accounts before August 21 to avoid the risk of potential losses, as position updates will not be possible during the delisting process.
| Platform | Pairs Delisted | Delisting Time |
|---|---|---|
| Cross Margin | 8 pairs | August 21, 06:00 (UTC) |
| Isolated Margin | 3 pairs | August 21, 06:00 (UTC) |
Users will not be able to update positions while the delisting is ongoing and are encouraged to act before trading suspension to minimize risk exposure.
BNB Smart Chain wallet maintenance scheduled
In addition to the margin trading adjustments, Binance has also announced scheduled wallet maintenance for BNB Smart Chain (BEP20) on August 20 at 06:00 (UTC). Deposit and withdrawal functions for BNB Smart Chain (BEP20) will be suspended from August 20 at 05:55 (UTC) in order to facilitate the maintenance process.
Binance has assured users that while wallet operations will be paused, trading of tokens on the BNB Smart Chain network will not be affected. Maintenance is expected to take around one hour, after which deposit and withdrawal services will be restored.
Binance is a global cryptocurrency exchange known for its wide range of trading options, high liquidity, and support for a diverse array of digital assets.
Mini dictionary: BNB Smart Chain (BEP20), an Ethereum-compatible blockchain launched by Binance, supports decentralized applications and fast, low-cost transactions within the Binance ecosystem.
