Binance Announces Delisting Dates for Specific Leveraged Trading Pairs

Binance has announced important dates and procedures for discontinuing specific leveraged trading pairs on its margin platform.

Beginning at 14:00 (GMT+8) on January 16, 2025, the following cross-margin pairs will be removed: LIT/BTC, NULS/BTC, and SFP/BTC. Additionally, the isolated-margin pairs that will be discontinued include BEL/BTC, LIT/BTC, LSK/BTC, NULS/BTC, and SFP/BTC.

Margin trading allows users to borrow funds to enhance trading positions, increasing potential profits and risks. While Cross-margin trading Shares the entire margin balance across all open positions, Isolated margin trading limits the risk to a single trading pair, with only the allocated margin at risk for that specific trade.

As part of the delisting process, Binance will suspend isolated margin lending for specific trading pairs on January 9, 2025, at 14:00 (GMT+8). Users cannot transfer assets to isolated margin accounts associated with these pairs. It is essential for users to manually close any open positions by transferring both liabilities and collateral. Any remaining positions will be automatically closed and liquidated at the final deadline on January 16, and all pending orders will be cancelled.

To avoid potential losses, Binance advises users to close their positions and transfer assets from margin wallets to spot wallets before the delisting takes effect, as no updates to positions will be permitted during this time. However, trading for the affected tokens will still be accessible through other pairs on Binance’s margin platform.

Similarly, Binance temporarily suspended token deposits and withdrawals on the aelf network for an upgrade starting on January 15, 2025, at 17:00 (UTC+8). This network update, designed to enhance the ELF blockchain, occurred at block height 252,256,057 around 18:00 (UTC+8). Although trading of ELF continued on Binance, the deposit and withdrawal services were temporarily halted. Users were advised to deposit their ELF tokens before the upgrade to avoid disruptions. Once the upgrade was completed and the network stabilized, the deposit and withdrawal services resumed automatically.

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