Breaking: Binance Margin to Delist AUD, EUR, and GBP Trading Pairs

By Prashant Jha
Binance gains Dubai License

Binance, the world’s largest crypto exchange by trading volume has announced it would delist margin trading pairs of Australian Dollar (AUD), Euro (EUR), and Sterling Pound (GBP). The crypto exchange would suspend mentioned fiat trading pairs on 10th August and later move to automatic settlement, followed by the cancelation of all pending orders, and then delisting by 12th August, as per the company’s official announcement.

The decision to delist margin trading pairs for AUD, EUR, and GBP is believed to be a regulatory measure taken by the crypto exchange in response to the regulatory backlash in Europe, UK, and Australia. The exchange also added a warning at the end of the announcement claiming margin trading is a risky affair that could lead to significant profits as well as losses.

Margin Trading carries a substantial risk and the possibility of both significant profits and losses. Past gains are not indicative of future returns. All of your margin balance may be liquidated in the event of extreme price movement

The crypto exchange has faced regulatory backlash from 10 nations over the past month, where regulators have expressed two major concerns about the crypto exchange, the lack of headquarters and very high leverage trading options. Binance is known for offering the highest leverage trading pairs in the crypto market, with some trading pairs giving 125X leverage options.

Advertisement
Advertisement

Binance Starts Working to Mend Regulatory Risks

The crypto exchange is a market leader both in spot trading as well as derivatives trading. High leverage options on the platform have made it a favorite for derivative traders but have proven to be a headache for regulators because of the high risks. Several countries have already restricted access to crypto leverage trading and many more are looking at the possibility.

Looking at the brewing regulatory troubles for the exchange, Binance CEO Changpeng Zhao announced the exchange would limit the leverage to 20X for new users and extend it for existing users over the next few weeks.

Advertisement
Prashant Jha
An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.