Binance said it will remove six margin trading pairs later this week, according to an exchange notice published on July 14. The change is scheduled to begin at 3 p.m. Korea time on July 17 and affects five cross-margin pairs and one isolated-margin pair.

The pairs listed for removal are 1INCH/USDC, LPT/USDC, MAGIC/USDC, MASK/USDC and SUSHI/USDC in cross margin, along with USDP/USDT in isolated margin. Binance said the underlying assets will still be available on the platform through other trading pairs.

Pairs set for delisting

The exchange said the margin markets being removed are the cross-margin pairs 1INCH/USDC, LPT/USDC, MAGIC/USDC, MASK/USDC and SUSHI/USDC. It will also delist the isolated-margin pair USDP/USDT at the same time.

Binance framed the move as a margin market change rather than a broader asset delisting. After the removal, the affected pairs will no longer be available in Binance's margin market, but the tokens themselves are expected to remain tradable elsewhere on the exchange.

Borrowing halt begins earlier for USDP/USDT

Ahead of the July 17 removal, Binance said it would suspend borrowing for the USDP/USDT isolated-margin pair starting at 3 p.m. Korea time on July 14.

That earlier step applies specifically to borrowing on the isolated-margin USDP/USDT market and comes before the full delisting of the pair from margin trading.

What happens when trading stops

When the change takes effect on July 17, Binance said users' cross-margin and isolated-margin positions in the affected markets will be liquidated automatically. The exchange also said all open orders tied to those pairs will be canceled.

After that process is completed, the six pairs will be fully removed from the margin market. Binance added that position adjustments may be restricted for about three hours during the removal process.

Guidance for users and next confirmed step

Binance advised users to close their positions or move assets to spot accounts before trading is halted. The exchange also said it would not be responsible for losses that may result from the removal process or related restrictions.

The next confirmed step is the scheduled implementation at 3 p.m. Korea time on July 17, when the automatic liquidation, order cancellations and full margin removal for the listed pairs are due to begin. Trading in the affected assets through other Binance pairs is expected to remain available.

Source: en.bloomingbit.io