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The largest cryptocurrency exchange by trading volume, Binance, has announced that on February 26, it will delist several trading pairs involving tokens in cross-margin trading due to insufficient volumes and liquidity.
The pairs affected will include crypto assets POL, ALCX, SAPIEN, PNUT, ARKM, BROCCOLI714, OPEN, CKB, HOLO, and FIL.
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Binance clarified that following the delisting, users will be unable to transfer assets of the specified pairs either manually or automatically to isolated margin accounts. If there are outstanding obligations, the transfer of funds is permitted only up to the amount of the debt, minus any collateral already posted.
This decision was made after evaluating the liquidity, trading volumes, and risks associated with these currency pairs. The exchange emphasized that regular assessments are aimed at safeguarding user funds and maintaining a stable trading environment.
Previously, Binance announced the transfer of its SAFU (Secure Asset Fund for Users) insurance fund from the stablecoin USDC to Bitcoin.
