Binance to Halt Margin Support for XRP/BNB and 14 Other Major Altcoin Pairs This Week

On March 24, Binance announced that it will cease margin trading support for 14 key cryptocurrency pairs, including XRP, AVAX, and Bitcoin Cash. Traders with open leveraged positions must act quickly, as the exchange prepares for the final closure of these pairs. This move is part of Binance's strategy to enhance liquidity by focusing on more popular assets.

Key Takeaways

Binance is terminating margin support for 14 altcoin pairs, including XRP/BNB.
Users have limited time to close open positions before automatic liquidation.
The borrowing function for isolated pairs has already been disabled.
All limit bids will be canceled, and there will be a temporary freeze during the delisting process.
This decision reflects Binance's approach to streamline its offerings and prioritize stable assets.

Main Content

Today, March 24, Binance Margin officially announced the termination of margin trading support for 14 major cryptocurrency pairs. This significant change affects well-known tokens such as XRP, AVAX, Bitcoin Cash, and Atom. If you currently have leveraged positions in these pairs, you must act quickly—time is limited.

For cross margin trading, the notable pairs that are impacted include XRP/BNB, Atom/BTC, and Ethereum Classic/BTC. Meanwhile, in isolated margin trading, pairs like AVAX to Ether and Atom to Bitcoin are included in the list. The ability to borrow funds for these isolated pairs has already been completely disabled, meaning you can no longer take out loans through the exchange.

Additionally, users cannot transfer these assets to their isolated margin accounts unless they are repaying existing debts. The final deadline for these changes is set for Friday, March 27. If traders do not close their positions on their own, Binance will automatically close them at its discretion. This means that all remaining positions will be forcibly liquidated at the current market price. After this process, all pending orders will be canceled, and limit bids will vanish.

Importantly, there will be a three-hour freeze during the delisting process, during which users will be unable to manage their assets. The key takeaway from this announcement is clear: do not rely on automated closures. Binance has explicitly stated that it does not assume responsibility for any losses that may occur during forced liquidation.

This move suggests Binance is focusing on enhancing liquidity by eliminating less-traded pairs in favor of more stable assets.