Binance removes TUSD from margin trading, protect your assets now! 🚫💸

Binance Delists TrueUSD (TUSD) from Margin Trading Pairs

Binance has announced that it will delist TrueUSD (TUSD) from its Cross and Isolated Margin trading pairs, effective July 24, 2024, at 06:00 (UTC), according to an official statement on Binance.com.

Details of the Delisting

The delisting will impact the following trading pairs:

Cross Margin Pairs: BTC/TUSD, TUSD/USDT
Isolated Margin Pairs: BTC/TUSD, TUSD/USDT

Delisting Process

As part of the delisting process, Binance will take the following steps:

Suspend isolated margin borrowing for the affected pairs on July 12, 2024, at 06:00 (UTC)
Close users’ positions, conduct automatic settlement, and cancel all pending orders on July 24, 2024, at 06:00 (UTC)
Remove the pairs from the Margin platform

User Advisory

Users are advised to take the following actions to avoid any potential losses:

Close positions and transfer assets from Margin Wallets to Spot Wallets before July 24, 2024
Monitor the Unified Maintenance Margin Ratio (uniMMR) closely
Transfer affected tokens from Margin Wallets to Spot Wallets and top up margin balance

All TUSD balances in Cross Margin Wallets will be automatically converted to USDT starting from July 24, 2024, at 06:00 (UTC). Users should be aware that this conversion process may take approximately 24 hours or longer.

Additional Information

Users are advised to refer to the original English version of the announcement for the most accurate information, as there may be discrepancies in translated versions. Binance reserves the right to amend or cancel the delisting announcement at any time without prior notice.

Users in the European Economic Area (EEA) should be aware that unauthorized stablecoins are subject to certain restrictions from June 30, 2024, in compliance with MiCA requirements. For more information on margin trading rules and risk warnings, users can refer to Binance’s official FAQ.

Hot Take: Stay Informed and Act Promptly

As a crypto investor, staying informed about delisting announcements is crucial to protecting your investments. Take proactive steps to transfer assets, monitor margin ratios, and adhere to platform guidelines to avoid any potential losses. By being proactive and informed, you can navigate regulatory changes and market developments with confidence.