Binance to Delist 9 BUSD Margin Trading Pairs in September, Here’s Why

• Binance will delist nine margin trading pairs on September 7.
• The exchange will first suspend isolated margin borrowing for the affected pairs.
• BUSD came under regulatory fire this year, causing it to lose over $30 billion in valuation.

In an official announcement, the largest crypto exchange, Binance, revealed its decision to delist several margin trading pairs. The pairs to be delisted largely comprise the trading pairs of Binance stablecoin, BUSD.

According to the notification, the affected pairs include AMB/BUSD, DASH/BUSD, FIDA/BUSD, HARD/BUSD, HOT/BUSD, IOST/BTC, NULS/BUSD, PORTO/BUSD, and REQ/BUSD.

The deletion of these pairs applies to Binance cross-margin and isolated margin trading. The exchange noted that the change will take effect about a week from now. In particular, the BUSD pairs will be delisted on September 7, 2023, at 06:00 (UTC).

Notably, Binance is taking a two-step approach to manage the transition. First, the exchange will suspend isolated margin borrowing for the mentioned pairs starting September 1. After that, it will close users’ positions with automatic settlement while canceling all pending orders. This will take effect on S…

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