Binance has announced the removal of several leveraged trading pairs on its margin platform, with key dates and procedures for affected users. Starting at 14:00 (GMT+8) on January 16, 2025, the following cross-margin trading pairs will be discontinued: LIT/BTC, NULS/BTC, and SFP/BTC. Additionally, the isolated-margin pairs to be delisted are BEL/BTC, LIT/BTC, LSK/BTC, NULS/BTC, and SFP/BTC.
Margin trading enables users to borrow funds to amplify their positions, increasing both the potential for profit and the risk of loss. In cross-margin trading, the entire margin balance across all open positions is shared, meaning losses in one trade can impact others. Conversely, isolated-margin trading restricts the risk to a single pair, limiting the potential losses to the margin allocated to that specific pair.
To facilitate the delisting, Binance will suspend isolated margin lending for the affected pairs starting January 9, 2025, at 14:00 (GMT+8). Users will no longer be able to transfer assets into isolated margin accounts linked to these pairs. All open positions must be closed manually by transferring liabilities and collateral; any unresolved positions will be automatically closed and liquidated at the delisting deadline on January 16. Additionally, all pending orders for these pairs will be canceled.
In order to avoid potential losses, Binance recommends that users close their positions and transfer any assets from margin wallets to spot wallets before the delisting date. Once the process is underway, no updates to positions will be allowed. It is important to note that trading for the affected tokens will remain available in other pairs on Binance’s margin platform.
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