Binance, the world’s largest cryptocurrency exchange, has announced that it will delist 23 margin trading pairs on November 9, affecting a range of trading pairs, including ADA/BUSD, APE/BUSD, AVAX/BUSD, BCH/BUSD, DOT/BUSD, LTC/BUSD, MATIC/BUSD, and more. Notably, this delisting will also impact two of the most prominent memecoins by market capitalization, Dogecoin (DOGE), and Shiba Inu (SHIB), specifically the DOGE/BUSD and SHIB/BUSD trading pairs.
Binance Margin will close users’ positions, conduct automatic settlement, and cancel all pending orders on the affected cross and isolated margin pairs. Subsequently, these pairs will be removed from Margin trading. However, users will still be able to trade the mentioned assets on other available trading pairs within Binance Margin.
It’s important to note that all the trading pairs being delisted are paired with BUSD, and Binance previously announced that it will discontinue support for BUSD at the beginning of 2024. Consequently, Binance has advised users to convert their BUSD holdings into other assets before February 2024.
Binance’s Recent Delisting Actions
Last month, Binance carried out a similar delisting of several trading pairs, including 1INCH/BUSD, AERGO/BUSD, ANKR/BUSD, RARE/BUSD, SLP/BUSD, SUSHI/BUSD, and 13 others on October 6. The exact reasons for these delistings were not explicitly disclosed, but Binance mentioned its commitment to protecting users and maintaining a high-quality trading market. Factors like poor liquidity and low trading volume are considered when making delisting decisions.
