Binance Margin Delist Trading Pairs in November 2023

Exchange (DEX/CEX)
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On November, Binance announced the delisting of 23 margin trading pairs, including ADA/BUSD and the meme coins DOGE/BUSD and SHIB/BUSD. Automatic closure and settlement of positions for these pairs were initiated.

Binance Margin will delist the ADA/BUSD, AGIX/BUSD, APE/BUSD, AVAX/BUSD, BAKE/BUSD, BCH/BUSD, DOGE/BUSD, DOT/BUSD, FIL/BUSD, FRONT/BUSD, GALA/BUSD, LINK/BUSD, LTC/BUSD, LUNA/BUSD, LUNC/BUSD, MATIC/BUSD, OP/BUSD, RUNE/BUSD, SHIB/BUSD, TRB/BUSD, USTC/BUSD, XLM/BUSD and YGG/BUSD cross margin and isolated margin pairs at 2023-11-09 06:00 (UTC).

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Screenshot 2023-11-14 at 10.17.141618×344 30.6 KB

Source: Binance

All the delisted pairs are denominated in BUSD, a stablecoin that Binance plans to cease supporting by early 2024. Users are advised to convert their BUSD holdings before February 2024.

This decision comes after Binance previously delisted several BUSD pairs in October, citing the need to safeguard users and maintain high-quality trading markets, considering factors such as poor liquidity and volume.

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Since all of these trading pairs are associated with BUSD, it’s not a significant matter to be concerned about. Those trading pairs are mostly in the list of top 100 coins.

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Binance has accepted the request from the U.S. Securities and Exchange Commission (SEC) to cease the creation of the stablecoin BUSD this year.

From my view, It is the matter to BUSD, not to other cryptocurrencies.

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