- 4 December 2025
- |
- 16:40
Binance is preparing to overhaul its margin trading lineup with a sweeping removal of FDUSD-denominated markets.
- FDUSD-linked pairs will be removed from both cross and isolated margin markets on December 11.
- Borrowing for these pairs ends three days earlier.
- All positions will be force-closed and orders canceled as the delisting takes effect.
Instead of isolating just one or two tokens, the exchange is eliminating an entire cluster of pairs across both cross and isolated margin. The change is scheduled to take effect on December 11, 2025, marking one of the more extensive adjustments the platform has made to its leveraged markets this year.
Borrowing Cut Off Before the Main Event
Before the delisting day arrives, the exchange will begin winding down activity involving these pairs. Starting December 8, users will no longer be able to borrow assets tied to the affected isolated margin markets. This early cutoff is intended to prevent traders from opening new leveraged positions shortly before the pairs are removed.
Transfers into isolated margin accounts — whether manually initiated or triggered automatically — will also be disabled as the rollback begins.
A Long List of Tokens Affected
The FDUSD purge touches many well-known assets. Among the tokens losing their cross-margin pairs are PENGU, NOT, NEIRO, FLOKI, STX, ZRO, RED, W, PYTH, ORDI, INJ, PENDLE, 1000SATS, SAGA, KAITO, IO, BB, PNUT, ETHFI, and BOME.
Most of these will also disappear from isolated margin, though a few tokens appear only in one category.
By scrapping these markets in bulk rather than individually, Binance appears to be recalibrating how FDUSD is used inside its Leverage
" >leverage system.Restrictions for Users With Existing Debts
Traders who already carry margin debt tied to these tokens will face temporary limitations on transfers. Binance says users may only move assets equal to the size of their outstanding debt minus the collateral supporting it — a rule designed to avoid imbalance during the transition window.
The entire process culminates on December 11 at 09:00, when Binance will automatically close open positions linked to the delisted pairs and cancel all outstanding orders. Once reconciled, the markets will disappear from the platform entirely, and FDUSD margin trading for those tokens will come to an end.
The exchange described the change as part of an ongoing effort to realign Liquidity
" >liquidity, risk frameworks, and leveraged market structure across its platform.
