Binance to Delist and Cease Trading on Several Margin Trading Pairs

Cryptocurrency exchange Binance will delist and cease trading on several margin trading pairs on December 22, 2022, including:

• 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 cross and isolated margin borrowing. At 03:00 (UTC) on December 22, 2022, it will close users' positions, conduct an automatic settlement and cancel all pending orders on the aforementioned instruments.

The crypto exchange advises users to close their positions before the suspension of margin trading to avoid any potential losses. Besides, Portfolio Margin users are advised to transfer these tools to their Spot Wallet and to top up their margin balance, if required before 2022-12-22 03:00 (UTC).

Shortly before, Fazzaco reported that Binance.US is getting rid of trading fees for ether (ETH)​, expanding its zero-free program beyond just bitcoin (BTC).