Binance to Remove Five Margin Pairs on September 18

1 hour ago 2 sources neutral

Key takeaways:

  • Binance's margin cuts for ENJ, GENIUS, CVX, GUN, VANA signal reduced leverage appetite for altcoins.
  • GENIUS's dual margin removal may trigger sharper deleveraging than peers due thinner liquidity.
  • Watch USDP spot exit as stablecoin liquidity consolidates toward USDT and USDC.

Binance has announced that it will remove five Cross Margin trading pairs on September 18, 2026, giving leveraged traders a short window to adjust positions before automatic settlement begins.

The affected Cross Margin pairs are ENJ/USDC, GENIUS/USDC, CVX/USDC, GUN/USDC and VANA/USDC. In addition, GENIUS/USDC will be removed from Isolated Margin. The first deadline is September 16 at 06:00 UTC, when Binance Margin stops new borrowing for the relevant Isolated Margin pair. Transfers into those accounts are already restricted, although users with outstanding liabilities can still transfer amounts matching their obligations.

At 06:00 UTC on September 18, Binance will close open positions, automatically settle them and cancel pending orders for the affected Cross and Isolated Margin pairs. The removal process may take about three hours, during which users will not be able to update positions. Binance recommends moving funds or closing positions before the deadline to avoid being caught in automatic settlement.

The exchange stressed that ENJ, GENIUS, CVX, GUN and VANA are not being removed from Binance entirely; they remain available through other eligible trading pairs, including spot markets where available. The change is a margin-market adjustment rather than a full asset delisting.

Separately, Binance said it will delist Pax Dollar (USDP) from all spot trading pairs on September 24 at 03:00 UTC. Binance says asset reviews consider trading volume and liquidity, development activity, network stability, transparency, regulatory requirements and tokenomics.

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