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.

最近引起全球加密货币爱好者关注的事态发展，全球加密货币交易巨头币安公布了下架多个保证金交易对的计划。此举是在该公司面临日益严峻的监管挑战之后做出的，特别是在其法定支持的稳定币 BUSD 方面。

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

币安退市潮：砧板上有什么？

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.

币安在 2023 年 10 月 18 日的公告中透露，计划在 2023 年 10 月 26 日 06:00 UTC 之前逐步淘汰多个交易对。受影响的货币对包括 TRX/BUSD、ATOM/BUSD 和 HBAR/BUSD 等知名加密货币。该列表还包括 LDO/BUSD 和 LEVER/BUSD 以及其他保证金对。

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.

该公司的转变不仅旨在停止这些交易对，还包括停止这些资产的逐仓保证金借贷，该政策预计于 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.

币安保证金（Binance Margin）是加密巨头的子公司，专门帮助用户借入资金进行保证金交易，该公司进一步阐述了即将采取的行动。该平台披露了自动结算所有用户在受影响保证金对上的头寸的计划。此外，这些货币对的任何挂单都将被取消。尽管这些特定货币对遇到了挫折，但用户仍然可以在币安保证金框架内的其他可用货币对上进行涉及这些资产的交易。

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.

鉴于这些事态发展，币安已向其庞大的用户群发布了明确的建议。该公司强烈建议其用户在过渡期间不要更新仓位。相反，正如币安建议的那样，最好的做法是让用户关闭头寸并将资产从保证金钱包转移到更传统的现货钱包。听取此建议的截止日期是 2023 年 10 月 26 日 06:00 UTC 之前。

BUSD controversy: The bigger picture

BUSD 争议：大局观

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.

鉴于币安最近宣布停止对 BUSD 的支持，币安下架这些保证金对的举措似乎是更广泛战略的一部分。 BUSD 是一种与美元挂钩的稳定币，由币安和 Paxos 联合发行。这一令人惊讶的举动背后的原因可以归因于该公司在多个国家遇到的日益严重的监管问题。

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.

全球监管机构一直在加强对加密货币运营的关注，从而引发更严格的审查。在这种环境下，币安决定停止对 BUSD 的支持，主要是因为采取了积极主动的方法来减轻潜在的监管风险。通过这些措施，币安旨在维护用户和合作伙伴的信任，确保其多元化交易平台的持续、无缝运行。

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.

这并不是币安第一次采取此类预防措施。今年早些时候，该平台告别了莱特币 (LTC) 和狗狗币 (DOGE) 等永久货币对，特别是 LTCBUSD 和 DOGEBUSD 货币对。这些退市背后的原因虽然没有明确说明，但似乎与 BUSD 的下跌轨迹交织在一起。在这两种情况下，用户都以类似的方式收到通知，强调该公司对透明度和用户福利的承诺。

Conclusion

结论

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.

加密货币领域的变化并不陌生，监管动态在塑造其未来方面发挥着关键作用。作为该领域的坚定支持者，币安正在采取战略举措，以适应不断变化的监管环境，同时确保不会损害对用户的承诺。未来几天将揭晓这些变化将如何影响更广泛的加密货币市场，以及其他交易所是否会效仿。