Crypto exchange Binance has announced it will delist several margin trading pairs involving the stablecoin FDUSD at 06:00 UTC on August 8. The move is expected to directly impact traders holding positions in DOGS/FDUSD, PEOPLE/FDUSD, MOVE/FDUSD, and MANTA/FDUSD.
Details of the delisting:
-
DOGS/FDUSD and PEOPLE/FDUSD will be removed from both cross margin and isolated margin trading.
-
MOVE/FDUSD and MANTA/FDUSD will be delisted from cross margin only.
This distinction affects how traders manage collateral and risk exposure, as cross margin allows the use of an entire margin account balance as collateral, while isolated margin restricts it to specific trading pairs.
Why is Binance delisting these pairs?
According to Binance, delisting decisions are made based on regular asset reviews that consider:
-
Low liquidity, leading to inefficient trading.
-
Poor or stalled project development.
-
Regulatory challenges affecting compliance.
-
User feedback influencing listing policies.
What should traders do?
Binance strongly recommends that affected users manually close their positions before the deadline to avoid automatic liquidations, which may result in losses due to slippage. Transferring funds from margin wallets to spot wallets can also help protect assets, as spot trading pairs are not affected by the delisting.
Don’t wait until the last minute – take action now to safeguard your crypto portfolio before the changes take effect.
