Following rising speculation about the role of $BUSD in Binance's strategy of backing up $BNB, the exchange has removed eight trading pairs with the stablecoin
Per the official announcement, the delisted pairs include FARM/BUSD, LSK/BUSD, MBL/BUSD, PLA/BUSD, PUNDIX/BUSD and SC/BUSD in isolated margin trading, and MBL/BUSD and PUNDIX/BUSD in cross margin trading. This decision will take effect from 6:00 a.m. UTC on June 22, 2023.In the lead-up to this, Binance has outlined a timeline for the delisting process. The platform will suspend isolated margin borrowing for the stated pairs from 6:00 a.m. UTC on June 16, 2023.
During this process, users will be unable to update their positions. Binance strongly advises traders to close their positions and transfer their assets from Margin Wallets to Spot Wallets ahead of the cessation of margin trading on June 22, 2023, to avoid potential losses.
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