Major crypto exchange Binance has issued a notice of removal for selected margin trading pairs scheduled for June 25.
According to a recent announcement, Binance Margin will delist the UTK/USDC and ZIL/BTC margin trading pairs on June 25 at 6:00 a.m. (UTC). This decision will affect the cross-margin and isolated margin pairs of the stated pairs.
Users will no longer be able to transfer any amount of assets of the trading pairs into their Isolated Margin accounts using manual transfers or Auto-Transfer Mode, effective immediately.
On June 24 at 6:00 a.m. (UTC), Binance Margin will suspend isolated margin borrowing on the UTK/USDC and ZIL/BTC isolated margin pairs. On June 25 at 6:00 a.m. (UTC), Binance Margin will close user positions, settle automatically and cancel all pending orders on the UTK/USDC, ZIL/BTC cross, and isolated margin pairs. The pairs will then be removed from the Binance Margin.
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As users will not be able to update their positions during the delisting process, they are strongly advised to close their positions and/or transfer their assets from margin accounts to spot accounts before the end of margin trading on June 25 at 6:00 a.m. (UTC) to avoid potential losses. However, users can continue to trade UTK and ZIL on other Binance margin trading pairs.
What comes next?
Coincidentally, Binance will be conducting a new listing on the same date as the delisting action.
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To expand the list of trading choices offered on Binance Spot and enhance users’ trading experience, Binance has announced a new listing for the meme coin Neiro, named after the Shiba Inu dog adopted by the owner of Kabosu, the dog behind the Doge meme.
In a recent announcement, Binance stated it will be adding a new JPY spot trading pair: NEIRO/JPY. Binance will open trading for JPY pair NEIRO/JPY on June 25 at 8:00 a.m. (UTC).
Furthermore, users will enjoy zero maker fees for the new JPY spot trading pair NEIRO/JPY from June 25 to July 25.
