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.
Binance Margin to Delist $AUD, $EUR & $GBP Pairshttps://t.co/gyBP8XzITI
— Binance (@binance) July 26, 2021
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.