Binance to Delist Two Margin Trading Pairs While Launching New Neiro Coin

Binance is set to delist the UTKUSDC and ZILBTC margin trading pairs on June 25, while simultaneously launching a new JPY spot trading pair for the meme coin Neiro. Users are advised to close positions or transfer assets before the delisting to avoid losses, and they can continue trading UTK and ZIL on other pairs. The NEIRO/JPY will have zero maker fees for the first month after launch.

In a notable update for traders, Binance has announced it will delist two specific margin trading pairs on June 25. The crypto exchange plans to remove the UTKUSDC and ZILBTC pairs at 6:00 a.m. UTC. This decision impacts both cross-margin and isolated margin trading for these assets, marking a significant change for users engaged in margin trading.

Starting immediately, users can no longer transfer any assets from these trading pairs into their Isolated Margin accounts, whether through manual or Auto-Transfer Mode. This change comes just a day prior to the actual delisting, as Binance Margin will suspend isolated margin borrowing for both UTKUSDC and ZILBTC pairs on June 24 at 6:00 a.m. UTC.

On the morning of June 25, positions will be automatically settled and all pending orders cancelled across the affected trading pairs by 6:00 a.m. UTC. After this, the pairs will officially be removed from the Binance Margin platform. Users are advised to close their positions and/or transfer assets to spot accounts before this deadline to avoid potential losses during the transition.

Despite these changes, traders can still engage with UTK and ZIL through other margin trading pairs offered by Binance. So, while the delisting might cause disruption, it’s not the end of trading for those assets on the platform.

Interestingly, this delisting coincides with a new listing initiative on Binance. On June 25, the exchange will introduce a new meme coin, Neiro, which draws its name from the Shiba Inu dog beloved by Kabosu, the canine icon behind the Dogecoin phenomenon.

As part of this launch, Binance is adding a new JPY spot trading pair for Neiro known as NEIRO/JPY. This trading option will launch on June 25 at 8:00 a.m. UTC. To entice users, Binance will waive maker fees for this new pair from its inception until July 25, giving traders an incentive to explore the new offering.