Business
Binance to Remove 5 Trading Pairs On February 17
By Benjamin Abioye
Binance has announced that it will remove five trading pairs on February 17, 2025, as part of its regular market review, impacting both spot and margin trading for affected users.
Binance, one of the world’s largest cryptocurrency exchanges, has announced the removal of five trading pairs from its platform as part of its regular market review.
This change, which will take effect on February 17, 2025, at 6:00 a.m. UTC, is aimed at maintaining the platform’s efficiency and user-friendliness.
The trading pairs set for delisting are:
– HMSTR/FDUSD
– SAGA/BTC
– ILV/BTC
– LTO/BTC
– MDT/BTC
Binance has confirmed that both cross-margin and isolated margin trading will be affected. Users will no longer be able to transfer assets related to these pairs into isolated margin accounts, either manually or through auto-transfer.
There are important dates for users to note:
– On February 12, 2025, at 6:00 a.m. UTC, Binance will suspend isolated margin borrowing for the affected pairs.
– On February 17, 2025, at 6:00 a.m. UTC, Binance will automatically close any open positions, settle accounts, and cancel all pending orders related to the delisted pairs. After this, the pairs will be permanently removed from the platform.
Binance is advising users to close any open positions and transfer related assets from margin accounts to spot accounts before February 17. If they fail to do so, their positions may be settled automatically, potentially resulting in unexpected losses based on market conditions. The early notice gives traders time to adjust their strategies before the deadline.
Although these specific trading pairs are being removed, Binance clarified that users can still trade HMSTR, SAGA, ILV, LTO, and MDT through other available pairs on the platform.
While Binance did not provide a specific reason for removing these pairs, delistings typically occur due to low trading volumes and limited liquidity. Pairs with low activity can create inefficiencies, making trading less effective.
This decision is part of Binance’s ongoing effort to optimize the platform and ensure that only viable trading pairs remain available for users.
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