Binance to Delist 1INCH, SUSHI, and Other Margin Trading Pairs on July 17

Binance, the world’s largest cryptocurrency exchange by trading volume, has announced it will remove several margin trading pairs from its platform. The delisting, scheduled for 6:00 a.m. UTC on July 17, affects both cross and isolated margin accounts.

Pairs Affected by the Delisting

The exchange confirmed the following pairs will be removed from margin trading:

• Cross Margin: 1INCH/USDC, LPT/USDC, MAGIC/USDC, MASK/USDC, SUSHI/USDC
• Isolated Margin: USDP/USDT

Binance stated that users will not be able to open new positions on these pairs after the delisting time. Existing positions will be automatically closed, and any remaining assets will be transferred to users’ spot wallets.

Why Binance Is Removing These Pairs

Binance regularly reviews all listed trading pairs to maintain a healthy trading environment. The exchange cites factors such as low liquidity, poor trading volume, and overall market demand as reasons for delisting. While Binance did not provide specific details for each pair, the move aligns with its standard practice of pruning underperforming or low-interest assets.

For traders holding positions in these pairs, the key date is July 17. After that, margin positions will be liquidated automatically. Binance recommends users close any open positions and transfer funds before the deadline to avoid forced liquidation.

Impact on Traders and Market Sentiment

The delisting primarily affects margin traders who use leverage on these specific pairs. For holders of 1INCH, SUSHI, and other tokens involved, the removal from margin trading could reduce trading activity and liquidity on Binance. However, these tokens remain available for spot trading on the exchange.

Historically, Binance delistings have caused short-term price volatility for the affected tokens. Traders should monitor their positions closely and adjust strategies accordingly. The move also signals Binance’s continued focus on streamlining its offerings, particularly in the margin trading segment.

Conclusion

Binance’s decision to delist these margin trading pairs is part of its ongoing platform maintenance. While the impact may be limited for most users, margin traders with open positions should act before the July 17 deadline. The exchange’s action reflects a broader trend of major platforms periodically reviewing and adjusting their asset listings to ensure market efficiency.

FAQs

Q1: What happens to my open margin positions after the delisting?
Binance will automatically close all open margin positions for the affected pairs at 6:00 a.m. UTC on July 17. Any remaining assets will be transferred to your spot wallet.

Q2: Can I still trade 1INCH, SUSHI, or other tokens on Binance after the delisting?
Yes, these tokens remain available for spot trading on Binance. Only the specific margin trading pairs listed in the announcement are being removed.

Q3: Why does Binance delist trading pairs?
Binance regularly reviews its listings based on factors like trading volume, liquidity, and user demand. Delisting underperforming pairs helps maintain a clean and efficient trading environment.