Binance Delists Margin Trading Pairs for Five Altcoins

Binance, the world's largest cryptocurrency exchange, has announced that it will delist margin trading pairs for five altcoins from its platform. The affected assets are A, Hive (HIVE), Illuvium (ILV), Newt (NEWT), and Movement (MOVE).

The exchange will completely remove the A/USDC, HIVE/USDC, NEWT/USDC, and MOVE/USDC trading pairs from both isolated and cross margin trading. Additionally, ILV/USDC will be removed from cross margin trading.

Users are advised to close their positions and move their funds to spot accounts before July 30. Binance emphasized that it will not be responsible for any potential losses incurred during this process.

The delisting process is scheduled to take approximately three hours, with the final steps being the automatic closure of open positions, cancellation of pending orders, and removal of the affected pairs from margin trading at 09:00 (UTC+3) on July 30.