Binance Ditches Eight USDC Margin Pairs Amid Phased Rollout

Binance has announced that it will delist eight USDC margin pairs from its Cross Margin and Isolated Margin modalities on August 21. The affected pairs include AUCTION/USDC, BEAMX/USDC, CETUS/USDC, HUMA/USDC, LAYER/USDC, NXPC/USDC, UMA/USDC, and VELODROME/USDC in Cross Margin, as well as HUMA/USDC, LAYER/USDC, and NXPC/USDC in Isolated Margin.

The delisting process will be phased to mitigate risks on active positions. Manual or automatic transfers of funds into isolated margin accounts for the involved assets have been disabled with immediate effect.

Isolated Margin borrowing services for HUMA/USDC, LAYER/USDC, and NXPC/USDC will cease on August 18 at 06:00 UTC. On August 21, open positions will be automatically closed, accounts settled, and pending orders canceled.