Binance will delist 10 BTC-denominated margin trading pairs, removing cross and isolated margin options for MANA, DYDX, KSM, AR, SNX, HIVE, 1INCH, ICX, SYS and LRC on Jan. 30. Margin borrowing will be suspended on Jan. 28, and open positions will be closed after the deadline. Starting immediately, transfers into isolated margin accounts for these pairs are prohibited. The exchange will permanently remove the pairs from Binance Margin after the deadline.
The assets involved include DeFi, Web3, layer 2 and metaverse narratives that are not being removed from spot trading, even as they exit leveraged products. Liquidity is drying up, and risk appetite is waning. By delisting these pairs, Binance signals a shift away from the faddish narratives that once dominated the market.
This move is presented as a targeted cleanup rather than a broad strategy shift, reflecting the costs and risks of maintaining leveraged exposure. Margin infrastructure is not free, and support costs rise as trading volume fades.
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