Binance to Remove 1000CHEEMS/USDC, ACX/USDC and Other Margin Pairs
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Binance will remove several margin trading pairs from its platform.
According to a notice posted by the global cryptocurrency exchange on June 22, it will remove the 1000CHEEMS/USDC, ACX/USDC, LA/USDC and T/USDC cross-margin and isolated-margin pairs at 3 p.m. Korea Standard Time on June 26.
Binance will suspend borrowing for those isolated-margin pairs at 3 p.m. Korea Standard Time on June 23, ahead of the removal.
At the time of delisting, users' cross-margin and isolated-margin positions will be automatically liquidated and all open orders will be canceled. The trading pairs will then be fully removed from the margin market.
Binance advised users to close their positions or transfer assets to spot accounts before trading stops. Position adjustments may be restricted for about three hours during the delisting process, it added, and the exchange said it will not be responsible for any losses resulting from that process.
The assets will continue to trade on Binance through other trading pairs.
