In a recent development that has caught the attention of cryptocurrency enthusiasts worldwide, Binance, the global crypto trading giant, has unveiled plans to delist several margin trade pairs. This move comes on the heels of growing regulatory challenges that the firm is grappling with, especially concerning its fiat-backed stablecoin, BUSD.

最近引起全球加密貨幣愛好者關注的事態發展，全球加密貨幣交易巨頭幣安公佈了下架多個保證金交易對的計劃。此舉是在該公司面臨日益嚴峻的監管挑戰之後做出的，特別是在其法定支持的穩定幣 BUSD 方面。

Binance wave of delisting: What’s on the chopping block?

幣安退市潮：砧板上有什麼？

Binance, in its October 18, 2023, announcement, has divulged plans to phase out several trading pairs by October 26, 2023, at 06:00 UTC. The affected pairs include prominent cryptocurrencies like TRX/BUSD, ATOM/BUSD, and HBAR/BUSD. The list extends to encompass LDO/BUSD and LEVER/BUSD among other margin pairs.

幣安在 2023 年 10 月 18 日的公告中透露，計劃在 2023 年 10 月 26 日 06:00 UTC 之前逐步淘汰多個交易對。受影響的貨幣對包括 TRX/BUSD、ATOM/BUSD 和 HBAR/BUSD 等知名加密貨幣。該清單還包括 LDO/BUSD 和 LEVER/BUSD 以及其他保證金對。

The company’s shift is not only aimed at the cessation of these trading pairs but also includes a halt on isolated margin borrowing of these assets, which is slated to come into effect from October 20, 2023, at 06:00 UTC.

該公司的轉變不僅旨在停止這些交易對，還包括停止這些資產的逐倉保證金借貸，該政策預計於 2023 年 10 月 20 日 06:00 UTC 起生效。

Binance Margin, an arm of the crypto behemoth that specializes in enabling users to borrow funds for margin trading, has further elaborated on the impending actions. The platform disclosed its plan to auto-settle all users’ positions on the affected margin pairs. Additionally, any pending orders on these pairs will be canceled. Despite the setback on these specific pairs, users can still engage in trades involving these assets on other available pairs within the Binance Margin framework.

幣安保證金是加密巨頭的子公司，專門幫助用戶借入資金進行保證金交易，它進一步詳細說明了即將採取的行動。該平台揭露了自動結算所有用戶在受影響保證金對上的頭寸的計劃。此外，這些貨幣對的任何掛單都將被取消。儘管這些特定貨幣對遇到了挫折，但用戶仍然可以在幣安保證金框架內的其他可用貨幣對上進行涉及這些資產的交易。

In light of these developments, Binance has issued a clear advisory to its vast user base. The firm has strongly recommended its users to refrain from updating positions during the transition period. Instead, the best course of action, as suggested by Binance, is for users to shut down their positions and shift their assets from Margin Wallets to the more conventional Spot Wallets. The deadline to heed this advice is before October 26, 2023, at 06:00 UTC.

鑑於這些事態發展，幣安已向其龐大的用戶群發布了明確的建議。該公司強烈建議其用戶在過渡期間不要更新部位。相反，正如幣安建議的那樣，最好的行動方案是讓用戶關閉頭寸並將資產從保證金錢包轉移到更傳統的現貨錢包。聽取此建議的截止日期是 2023 年 10 月 26 日 06:00 UTC 之前。

BUSD controversy: The bigger picture

BUSD 爭議：大局觀

Binance’s move to delist these margin pairs appears to be a part of a broader strategy, given its recent announcement surrounding the cessation of support for BUSD. BUSD, a stablecoin pegged to the dollar, was co-issued by Binance and Paxos. The rationale behind this surprising move can be attributed to the mounting regulatory issues that the firm has encountered in several countries.

鑑於幣安最近宣布停止對 BUSD 的支持，幣安下架這些保證金對的舉措似乎是更廣泛戰略的一部分。 BUSD 是一種與美元掛鉤的穩定幣，由幣安和 Paxos 聯合發行。這一令人驚訝的舉動背後的原因可以歸因於該公司在多個國家遇到的日益嚴重的監管問題。

Regulatory bodies across the globe have been sharpening their focus on cryptocurrency operations, leading to heightened scrutiny. Given this environment, Binance’s decision to pull the plug on support for BUSD is primarily driven by a proactive approach to mitigate potential regulatory risks. Through such measures, Binance aims to uphold the trust of its users and partners, ensuring the sustained and seamless operation of its diverse trading platforms.

全球監管機構一直在加強對加密貨幣營運的關注，從而引發更嚴格的審查。在這種環境下，幣安決定停止對 BUSD 的支持，主要是因為採取了積極主動的方法來減輕潛在的監管風險。透過這些措施，幣安旨在維護用戶和合作夥伴的信任，確保其多元化交易平台的持續、無縫運作。

This isn’t the first time Binance has taken such precautionary measures. Earlier in the year, the platform bid adieu to perpetual pairs like Litecoin (LTC) and Dogecoin (DOGE), specifically the LTCBUSD and DOGEBUSD pairs. The reasons behind these delistings, while not explicitly stated, appear to be intertwined with the declining trajectory of BUSD. On both occasions, users were apprised in a similar manner, emphasizing the firm’s commitment to transparency and user welfare.

這並不是幣安第一次採取此類預防措施。今年早些時候，該平台告別了萊特幣 (LTC) 和狗狗幣 (DOGE) 等永久貨幣對，特別是 LTCBUSD 和 DOGEBUSD 貨幣對。這些退市背後的原因雖然沒有明確說明，但似乎與 BUSD 的下跌軌跡交織在一起。在這兩種情況下，用戶都以類似的方式收到通知，強調該公司對透明度和用戶福利的承諾。

Conclusion

結論

The crypto landscape is no stranger to shifts and turns, with regulatory dynamics playing a pivotal role in shaping its future. Binance, being a stalwart in the domain, is making strategic moves to align itself with the evolving regulatory landscape, while also ensuring it doesn’t compromise on its commitment to users. The coming days will unveil how these changes will impact the broader crypto market and whether other exchanges will follow suit.

加密貨幣領域的變化並不陌生，監管動態在塑造其未來方面發揮關鍵作用。作為該領域的堅定支持者，幣安正在採取戰略舉措，以適應不斷變化的監管環境，同時確保不會損害對用戶的承諾。未來幾天將揭曉這些變化將如何影響更廣泛的加密貨幣市場，以及其他交易所是否會效仿。