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Cryptocurrency exchange Binance announced details about its new regulations on margin pairs. The exchange announced to users in its blog announcement that it will remove some trading pairs on its open and cross margin and will also add new USDC trading pairs to the platform.
Binance included the following statements in its announcement:
Binance margin will delist the following margin trading pairs as of 7/17/2024 06:00 (UTC):
Cross Margin: ARB/TUSD, APE/ETH, BNB/TUSD, ETH/TUSD
Isolated Margin: ARB/TUSD, APE/ETH, BNB/TUSD, ETH/TUSD, PEPE/TUSD
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“As of 06:00 (UTC) on 7/11/2024, Binance Margin is under insulated margin borrowing requirement on the above-mentioned insulated margin pair(s). At 06:00 (UTC) on 7/17/2024, Binance Margin will close users’ positions, execute an automatic clearing, and cancel all pending orders on the aforementioned cross and open margin pair(s). These pair(s) will then be removed from Margin. Users can continue to buy and sell their asset(s) on other trading pairs available on Binance Margin.
Please note that users will not be able to update their positions during the delisting process and are strongly advised to close their positions and/or transfer their assets to Margin Wallet Spot Wallets before the cessation of margin trading on 2024-07-2024. 17 06:00 (UTC). Binance will not be responsible for any possible losses.”
Additionally, Binance announced that USDC margin pairs will be added and included the following statements in its announcement:
Pairs to be added in Cross Margin: FET/USDC, FLOKI/USDC, NOT/USDC, ZRO/USDC
The pairs to be added in the Isolated Margin were determined as: FET/USDC, FLOKI/USDC, NOT/USDC, ZRO/USDC.
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