Binance to Remove 1INCH/USDC and Other Margin Trading Pairs on July 17
Summary
- Binance said it will remove the 1INCH/USDC, LPT/USDC, MAGIC/USDC, MASK/USDC, SUSHI/USDC and USDP/USDT margin trading pairs starting at 3 p.m. Korea time on July 17.
- At the time of the delisting, cross-margin and isolated-margin positions will be liquidated automatically, all open orders will be canceled, and position adjustments may be restricted for about three hours.
- Binance advised users to close positions before margin trading is halted or transfer assets to spot accounts, and said it will not be responsible for losses.
Forecast Trend Report by Period
Binance, the global cryptocurrency exchange, will remove several margin trading pairs.
A Binance notice published on July 14 said the exchange will remove the cross-margin pairs 1INCH/USDC, LPT/USDC, MAGIC/USDC, MASK/USDC and SUSHI/USDC, as well as the isolated-margin pair USDP/USDT, starting at 3 p.m. Korea time on July 17.
Binance will also suspend borrowing for the USDP/USDT isolated-margin pair starting at 3 p.m. Korea time on July 14, ahead of the removal.
When the change takes effect, users' cross-margin and isolated-margin positions will be liquidated automatically, and all open orders will be canceled. The pairs will then be fully removed from the margin market.
Binance advised users to close their positions or transfer assets to spot accounts before trading is halted. The exchange also said position adjustments may be restricted for about three hours during the removal process and that it will not be responsible for any resulting losses.
The assets will still be available for trading on Binance through other trading pairs.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.