Binance, a leading cryptocurrency exchange, announced the cessation of margin trading for certain altcoins, including ALPHA, CTXC, and DODO, effective March 25, 2025. Users are required to close their positions and transfer assets to avoid losses.
Which Altcoins Will Lose Margin Trading Pairs?
The exchange will phase out the following major cross and isolated margin trading pairs:
- Cross Margin Trading Pairs: ALPHA/BTC, CTXC/BTC, DODO/BTC, IDEX/USDC, LISTA/FDUSD, NKN/BTC, SAGA/BTC - Isolated Margin Trading Pairs: ALPHA/BTC, CTXC/BTC, DODO/BTC, FLM/BTC, IDEX/USDC, LISTA/FDUSD, NKN/BTC.
What Awaits Binance Users?
Starting March 19, 2025, Binance Margin will halt borrowing activities for the affected isolated pairs. Users will only be able to transfer amounts equivalent to their existing debts.
On the closure date, Binance will liquidate any outstanding positions and cancel pending orders for these altcoins. Although margin trading will end for these pairs, users can still purchase and sell the altcoins through other available trading avenues.
How to Prepare for the Changes?
Users need to promptly close their positions to avoid losses. Transfers from margin to spot accounts should be completed before the cut-off dates. Binance will not accept responsibility for any financial losses due to late transactions.
As Binance implements these changes, users must be proactive to safeguard their assets and ensure compliance with the new trading policies to mitigate risks effectively.
