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).
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.