Binance to Discontinue Several Key Margin Trading Pairs in January 2025

2 min read | January 07, 2025 08:43 PM PST | By Team Kalkine Media

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Binance to Discontinue Several Key Margin Trading Pairs in January 2025 — Image source: Shutterstock

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Highlights

Binance announces delisting of several leveraged trading pairs.

The delisted pairs include LIT/BTC, NULS/BTC, and SFP/BTC on cross-margin.

Affected pairs will undergo changes starting January 9 and end by January 16.

Binance, one of the world’s largest cryptocurrency exchanges, is set to delist several leveraged trading pairs from its margin platform. This major change will directly affect traders using the platform's cross-margin and isolated-margin trading options. The company outlined that starting on January 9, 2025, and continuing until January 16, 2025, the platform will phase out several cryptocurrency pairs.

In its official announcement, Binance highlighted that, beginning at 14:00 GMT+8 on January 9, users will no longer be able to transfer assets to isolated margin accounts related to the affected pairs. These include trading pairs such as LIT/BTC (Litecoin), NULS/BTC (NULS), and SFP/BTC (SafePal) on the cross-margin platform, and pairs like BEL/BTC (Bella Protocol), LIT/BTC (Litecoin), LSK/BTC (Lisk), NULS/BTC (NULS), and SFP/BTC (SafePal) on the isolated margin platform.

The decision to phase out these pairs means that traders will have to take important actions before the delisting deadline. Binance urges all users to manually close their open positions and transfer any assets from margin wallets to their spot wallets before January 16, 2025, to avoid liquidations and other potential losses. Any outstanding positions that are not closed will automatically be liquidated once the delisting is finalized. Furthermore, all pending orders related to these pairs will be canceled.

One of the main concerns for traders using these margin options is the risk that margin trading inherently carries. In cross-margin trading, users share their margin balance across multiple open positions, meaning that any loss in one position can impact others. On the other hand, isolated-margin trading limits losses to the specific position linked to the borrowed funds, ensuring users face less collateral damage in comparison.

While the announcement certainly affects these specific pairs, users will still have access to these cryptocurrencies (Litecoin, NULS, Bella Protocol, SafePal, and Lisk) on Binance’s other trading platforms. The exchange assures its community that regular spot and other trading options will continue to support these cryptocurrencies, ensuring that investors can still trade with them, just through different routes.

Users are encouraged to stay updated with Binance’s official announcements to ensure they are fully informed of any further changes and understand the full impact on their accounts.

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