Binance to remove and cease trading on several margin trading pairs
Binance will remove and cease trading on several margin trading pairs on December 22, 2022. The list of affected instruments includes:
- Cross Margin Pairs: BNX/BTC, BNX/BUSD, BNX/USDT, DREP/BUSD, DREP/USDT, LOKA/BUSD, LOKA/USDT, MOB/BUSD, MOB/USDT
- Isolated Margin Pairs: TORN/BTC, TORN/BUSD, TORN/USDT
At 03:00 (UTC) on December 10, 2022, Binance will suspend BNX/BTC, BNX/BUSD, BNX/USDT, DREP/BUSD, DREP/USDT, LOKA/BUSD, LOKA/USDT, MOB/BUSD and MOB/USDT cross margin borrowing, as well as TORN/BTC, TORN/BUSD and TORN/USDT isolated margin borrowing.
At 03:00 (UTC) on December 22, 2022, Binance will close users’ positions, conduct an automatic settlement and cancel all pending orders on the BNX/BTC, BNX/BUSD, BNX/USDT, DREP/BUSD, DREP/USDT, LOKA/BUSD, LOKA/USDT, MOB/BUSD and MOB/USDT cross margin pairs, as well as TORN/BTC, TORN/BUSD and TORN/USDT isolated margin pairs.
Binance will then delist the cross and isolated margin pairs. Users are strongly advised to close their positions prior to the cessation of margin trading to avoid any potential losses.
Portfolio Margin users are advised to transfer the tokens mentioned above out of their Margin Wallet to their Spot Wallet and to top up their margin balance, if required before 2022-12-22 03:00 (UTC). Users should monitor Unified Maintenance Margin Ratio (Uni-MMR) closely to avoid any potential liquidation that could result from the removal of the tokens mentioned above from the Margin Wallet.