Binance Exchange to Delist Margin Trading Pairs for Top Altcoins

Binance Exchange has intended to delist margin trading pairs for some of the market’s most prominent altcoins.

Earlier information indicated that Shiba Inu (SHIB), Terra (LUNA), and Cardano (ADA), among others, would be removed for failing to meet liquidity requirements.

The actual pairs include ADA/BUSD, AGIX/BUSD, APE/BUSD, AVAX/BUSD, BAKE/BUSD, BCH/BUSD, DOGE/BUSD, DOT/BUSD, FIL/BUSD, FRONT/BUSD, GALA/BUSD, LINK/BUSD, LTC/BUSD, LUNA/BUSD, LUNC/BUSD, MATIC/BUSD, OP/BUSD, RUNE/BUSD, SHIB/BUSD, TRB/BUSD, USTC/BUSD, XLM/BUSD, and YGG/BUSD.

The exchange will discontinue support for cross-margin and isolated margin pairs on November 9 at 6:00 a.m. UTC. The exchange informed its users that it will suspend remote margin borrowing on these currency pairs on November 3.

Though users are advised to close all positions before the actual delisting on Nov. 9, Binance said it will automatically close all opened positions by this time.

The trading platform stated that users can continue to trade other pairs associated with these altcoins on Binance.

To rid its platform of underperforming trading pairs, Binance has been quite aggressive with delistings in recent months.

As reported earlier, the trading behemoth parted ways with SHIB, ADA, and LINK pairs, in addition to more than 25 altcoin pairs for which it had previously suspended support.

Due to legal scrutiny in the United States, Binance exercises caution regarding the risks it exposes its users to.

The Securities and Exchange Commission (SEC) has already alleged that Binance facilitates the trading of unregistered crypto assets.

Although it has asked the court to dismiss the claims, erring on caution continues to be its primary objective.