📢 Binance To Delist Key BTC And USDT Margin Pairs 🚨
Binance announces the delisting of important BTC and USDT margin pairs involving TrueUSD (TUSD), effective July 24, 2024, urging traders to adjust their positions accordingly.
Binance will delist BTC/TUSD and TUSD/USDT margin pairs on July 24, 2024, affecting both Cross and Isolated Margin trading.
Users are advised to close positions or transfer assets from Margin Wallets to Spot Wallets before the deadline to avoid potential losses.
Portfolio Margin users will have TUSD balances automatically converted to USDT starting July 24, with a conversion process that may impact new positions.
Details of the TUSD Pairs Delisting Process
Binance, one of the world’s leading cryptocurrency exchanges, has announced plans to delist key Bitcoin (BTC) and Tether (USDT) margin pairs involving TrueUSD (TUSD). The change, set to take effect on July 24, 2024 at 06:00 (UTC), was announced on July 11, 2024, and will impact both Cross and Isolated Margin trading.
The affected pairs include BTC/TUSD and TUSD/USDT for both margin types. Binance has outlined a clear timeline for the delisting process, beginning with the suspension of isolated margin borrowing for these pairs on July 12, 2024. On July 24, 2024, the exchange will close user positions, conduct automatic settlements, and cancel all pending orders before removing the pairs from Margin trading entirely.
Binance is strongly advising users to take proactive measures before the July 24 deadline. Traders are encouraged to close their positions or transfer assets from Margin Wallets to Spot Wallets to mitigate potential losses. The exchange has emphasized that it will not be held responsible for any losses resulting from this change.
