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Binance, one of the world’s leading crypto exchanges, has announced its intention to delist specific margin trading pairs involving Bitcoin (BTC). This move, slated for July 8, 2024, affects both cross and isolated margin trading pairs. Other affected cryptocurrencies include DigiByte (DGB), Alien Worlds (TLM), and Voxies (VOXEL).

Details On Latest Binance Delisting Moreover, this delisting specifically affects DGB/BTC and TLM/BTC in both categories with Bitcoin as the quote currency. Meanwhile, VOXEL/BTC pair will be removed from the isolated margin category. In a notice issued to its users, Binance specified that at 06:00 a.m. UTC on Sunday, July 7, 2024, the platform will suspend isolated margin borrowing on these isolated margin pairs.

Moreover, following this, at 06:00 (UTC) on July 8, 2024, Binance Margin will automatically close users’ positions. Thereafter, it will conduct settlements and cancel all pending orders on the affected trading pairs. Once this process is completed, these pairs will be permanently removed from margin trading on the platform.

The crucial aspect of this announcement is the role of Bitcoin as the quote currency in these pairs. In the trading world, the base currency is the first currency listed in a pair, and it is the commodity being bought or sold. The quote currency, in this case, Bitcoin, is the currency in which the base currency is priced. Hence, this means that users were trading DGB, TLM, and VOXEL, with Bitcoin as the measure of value.

This delisting decision impacts traders who prefer Bitcoin as the standard measure for their trades. It represents a significant adjustment for those who use Bitcoin’s relatively stable value as a benchmark against other, more volatile cryptocurrencies. By delisting these pairs, Binance potentially reduces the flexibility for users to trade lesser-known tokens against Bitcoin.

Also Read: Binance Labs Leads Major Funding Round For Bitcoin Wallet UniSat

Exchange’s Advise To Users For Avoiding Potential Losses Moreover, Binance advised its users to take necessary actions before the delisting process begins. The platform recommended that users close their positions and transfer their assets from Margin Wallets to Spot Wallets before the cessation of margin trading at 06:00 p.m. UTC on July 8, 2024. In addition, Binance emphasized that it would not be responsible for any potential losses incurred due to these changes, urging users to act promptly.

Despite the delisting, Binance assured users that the affected assets, DGB, TLM, and VOXEL, could still be traded on other available pairs within the Binance Margin platform. This implies that while the direct trading pairs with Bitcoin are being removed, there are still alternative avenues for trading these assets.

This move is part of Binance’s ongoing efforts to optimize its trading platform, ensuring a streamlined and efficient trading experience. The exchange continually reviews its product offerings to align with market demands and regulatory requirements. Moreover, it aims to provide the best possible service to its users worldwide. Thus, it regularly announces removal of pairs that lack in liquidity, market interest, and other factors.

Also Read: Binance Announce Delisting Of Key Crypto Pairs, Brace For Market Impact

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Today, April 20, Voxies (VOXEL), an upcoming crypto gaming token, rose by more than 200% in the last 24 hour after an alleged glitch reported in the Bitget’s trading network. The sudden breakdown caused a tremendous increase in trading activity, spiking the VOXEL/USDT contract’s trading volume to a whopping $12.7 billion. This volume substantially exceeded Bitcoin’s trading volume ($4.76 billion) on the same network.

Bitget bot glitch: users scoop free money This unusual jump captured curiosity among crypto market participants, considering that VOXEL is a relatively little-unknown crypto gaming token with a market value less than $30 million.

According to technical crypto analyst Dylan, a faulty Bitget trading bot was the cause of this problem. The bot repeatedly settled trades in a tight price level of $0.125 and $0.138, allowing shrewd investors to generate six-figure profits using as little as $100 investment.

Market analysis shows that the malfunction enabled some traders to withdraw USDT worth tens/hundreds of thousands of US dollars within few hours.

Another user who responded to this matter was Bitget’s Chinese head Xie Jiayin. Today, he posted on X that Bitget is aware of the unusual trading behavior in the VOXEL/USDT contract trading pair. He stated that the trading platform is currently conducting internal investigations and will give out more updates promptly. The exchange further mentioned that the affected wallets may be temporarily restricted, advising customers to reach out to Biget’s online customer service for further help. He finally clarified that currently all of Bitget’s functions, including withdrawals, deposits, and trading, operate normally.

我们已留意到 VOXEL/USDT 合约交易对的异常交易行为，目前正在调查中。我们将尽快同步更具体的情况。部分用户可能被风控，如有疑问请联系App内在线客服。
⚠️ 目前 #Bitget 交易、充提等功能一切正常🩵

— 谢家印 (@xiejiayinBitget) April 20, 2025 Liquidity issues in the crypto market Multiple crypto users expressed their dissatisfaction toward this issue, with many criticizing Bitget’s internal security and technology capability. The harsh backlash came just a week after crypto investor sentiment blew following Mantra’s OM token crash on Sunday, April 13.  

Today’s Biget’s VOXEL/USDT trading slippage and Mantra’s recent token crash highlight fragmented liquidity issues within the crypto market. Without adequate solutions to such concerns, greater disastrous volatilities are set to trigger more tokens’ crashes similar to previous unexpected crises like the Terra-Luna collapse.

AUTHOR

Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.