TL;DR
- Binance announced the delisting of 23 margin trading pairs on November 9, including ADA/BUSD, DOGE/BUSD, and SHIB/BUSD.
- Positions for these pairs will be automatically closed and settled, though the assets remain tradable via other pairs on Binance Margin.
- All delisted pairs are denominated in BUSD, a stablecoin for which Binance will end support by early 2024.
Binance Removes More Trading Pairs
Binance, the world’s largest cryptocurrency exchange, revealed its decision to delist 23 margin trading pairs effective November 9. Among the affected pairs are:
- Major altcoins: ADA/BUSD, APE/BUSD, AVAX/BUSD, BCH/BUSD, DOT/BUSD, LTC/BUSD, MATIC/BUSD.
- Memecoins: DOGE/BUSD (Dogecoin) and SHIB/BUSD (Shiba Inu).
"Binance Margin will close users’ positions, conduct automatic settlement, and cancel pending orders for these pairs. Users can still trade the assets via other available pairs on Binance Margin."
Notably, all delisted pairs are BUSD-denominated. Binance previously announced plans to phase out BUSD support by early 2024, urging users to convert BUSD holdings before February 2024.
👉 Learn how to adapt to Binance’s policy changes
Reasons Behind the Delisting
This follows Binance’s October 6 delisting of 19 spot trading pairs (e.g., 1INCH/BUSD, SUSHI/BUSD), citing:
"To maintain market quality, Binance periodically reviews pairs and may delist those with poor liquidity or trading volume."
The exchange emphasizes proactive measures to protect users and ensure a robust trading environment.
FAQ Section
Q: Can I still trade DOGE and SHIB on Binance after the delisting?
A: Yes, both memecoins remain tradable via other pairs (e.g., DOGE/USDT, SHIB/USDT).
Q: What should I do with my BUSD holdings?
A: Convert BUSD to other assets (like USDT or FDUSD) before February 2024 via Binance’s auto-conversion tool.
Q: Will more pairs be delisted soon?
A: Binance conducts regular reviews; monitor official announcements for updates.
Key Takeaways
- Impacted Assets: Memecoins and major altcoins face margin pair removals, but spot trading continues.
- BUSD Phase-Out: Part of Binance’s broader shift away from BUSD amid regulatory and market shifts.
- User Action: Convert BUSD and check alternative trading pairs to avoid disruptions.
For real-time updates, follow Binance’s official channels.
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