Binance announced that it will remove UTK/USDC and ZIL/BTC from its margin trading list on June 25, 2025.
Binance Margin to Delisting UTK/USDC and ZIL/BTC Margin Trading Pairs on June 25
This delisting transaction, which covers both cross margin and isolated margin transactions, will come into effect at 09:00 (GMT+3).
Margin Pairs to be Removed:
- Cross Margin: UTK/USDC, ZIL/BTC
- Isolated Margin: UTK/USDC, ZIL/BTC
Critical Dates:
- June 24, 2025 09:00 (GMT+3): New borrowing transactions for isolated margin transactions will be suspended.
- June 25, 2025 09:00 (UTC): All open positions will be automatically closed, pending orders will be canceled, and the relevant pairs will be completely removed from Binance Margin.
Warnings for Users:
- Users will no longer be able to transfer assets to isolated margin accounts via manual or automatic transfers in these pairs.
- Users who owe money in the relevant tokens will only be able to make manual transfers up to the current debt amount (after collateral is deducted).
- Binance stated that users will not be able to update their positions during the removal process and that it will not be responsible for any potential losses.
- Users are strongly advised to close their positions or transfer their assets to Spot Accounts before margin trading expires.
Binance noted that after assets like UTK and ZIL were removed from margin, these tokens would continue to be traded on other existing trading pairs.
*This is not investment advice.
Read the full article here
