In a recent announcement, Binance, the world’s largest cryptocurrency exchange, has declared its decision to delist 23 margin trading pairs on November 9, 2023, signaling a major shift in their trading offerings.
Among the affected pairs are notable cryptocurrencies like ADA/BUSD, APE/BUSD, AVAX/BUSD, BCH/BUSD, DOT/BUSD, LTC/BUSD, MATIC/BUSD, and even the memecoins Dogecoin (DOGE) and Shiba Inu (SHIB) with their BUSD trading pairs.The delisting process begins on November 3, 2023, with the suspension of isolated margin borrowing. Users are strongly advised to close their positions and transfer assets from Margin Wallets to Spot Wallets by November 9, 2023, as Binance will not be liable for potential losses during this transition.
#Binance will open trading for Memecoin $MEME on November 3, 2023 at 08:00 (UTC).
More details here 👇 https://t.co/R1ljo0neae
— Binance (@binance) November 2, 2023
This move aligns with Binance’s commitment to protecting users and maintaining a high-quality trading environment. Previous delistings in October also targeted margin trading pairs to address factors like poor liquidity and trading volume, demonstrating Binance’s dedication to a secure and efficient trading market.
Additionally, it’s essential to note that Binance previously disclosed plans to discontinue support for the BUSD stablecoin starting in 2024. Users are encouraged to convert their BUSD holdings into other assets before February 2024.
As Binance continues to refine its trading offerings, traders and investors are urged to stay updated with the platform’s announcements and take necessary actions to adapt to these market changes.
