Binance has delisted 7 spot trading pairs today and removed leverage/borrowing services for 4 tokens.

Today (June 12) at 03:00 (UTC), Binance officially removed and halted trading for the following 7 spot trading pairs: ADA/BNB, DUSK/BTC, EGLD/ETH, ENSO/BNB, LSK/USDC, NIGHT/BNB, S/BNB. At the same time, the spot trading bot services for these pairs will also be terminated. According to the official announcement, the main reason for the delisting is insufficient trading liquidity and volume.

Investors need not panic excessively regarding the above tokens. These tokens can still be traded through other existing pairs on Binance. For instance, ADA can still be traded normally via pairs like ADA/USDT.

Additionally, the leverage and borrowing services will also be adjusted. Starting at 11:00 today, Binance will remove XNO, IQ, QUICK, DGB from borrowing and staking borrowing services, and all outstanding orders collateralized by these tokens will be automatically liquidated. Beginning at 18:00 the same day, cross-margin and isolated-margin leverage will be delisted for the related trading pairs, during which users will not be able to adjust their positions or transfer in the related tokens, and the relevant leveraged assets in unified accounts will be forcibly closed and converted to USDT.

This adjustment only affects margin and borrowing products; spot trading for these tokens remains unaffected. Users holding related positions must proactively close their positions or add margin beforehand to reduce the risk of forced liquidation.

#Binance #delisting #RiskManagement