Binance Delists Major Margin Trading Pairs
Date: 2025-01-08 Author: Oliver Abernathy Categories: BUSINESS
Cross margin trading involves using a common margin account balance for all active positions, which increases risk as losses from one trade can impact others. In contrast, isolated margin trading limits risk to a specific trading pair, where only the margin balance allocated to it is at risk.
The delisting process for these pairs will begin with the suspension of isolated margin loans for the specified pairs from 14:00 (GMT+8) on January 9, 2025. Users will no longer be able to transfer assets to isolated margin accounts associated with these pairs. Open positions will need to be manually closed by transferring liabilities and collateral. All outstanding positions will be automatically liquidated upon completion of the delisting process on January 16, and active orders will be cancelled.
Binance strongly recommends that users close their positions and transfer assets from margin wallets to spot wallets before the delisting begins. This will help to avoid potential losses, as changes to positions will be prohibited after the specified period. However, trading of the specified tokens will remain available in other pairs on the Binance margin platform.
For full information and up-to-date data, users can refer to Binance's official announcements and resources related to the delisting process.
