Major margin trading pairs to be phased out on Binance

Binance lists important dates and procedures for ending specific leveraged trading pairs.

Binance has announced important dates and procedures for discontinuing specific leveraged trading pairs on its margin platform. Effective 14:00 (GMT+8) on Jan. 16, 2025, the affected cross-margin pairs will include LIT/BTC, NULS/BTC, and SFP/BTC, while the isolated-margin pairs to be removed are BEL/BTC, LIT/BTC, LSK/BTC, NULS/BTC, and SFP/BTC.

Margin trading allows users to borrow funds to amplify their trading positions, increasing both potential gains and losses. In cross-margin trading, the entire margin balance in a user’s account is shared among all open positions, meaning losses in one trade can affect other positions. In contrast, isolated margin trading confines the risk to a single trading pair, with only the margin allocated to that pair at stake.

As part of the delisting process, Binance will suspend isolated margin lending for these pairs starting Jan. 9, 2025, at 14:00 (GMT+8). Users will no longer be able to transfer assets to isolated margin accounts linked to these pairs. Open positions must be closed manually by transferring liabilities and collateral. Any unresolved positions will be automatically closed and liquidated at the final delisting time on January 16, and all pending orders will be canceled.

To avoid potential losses, Binance strongly advises users to close their positions and transfer assets from margin wallets to spot wallets before the delisting takes effect, as no updates to positions will be permitted during this process. Trading for the affected tokens will remain available in other pairs on Binance’s margin platform.

For complete details and the most up-to-date information, users are encouraged to consult Binance’s official announcements and resources regarding the delisting process.