Binance will delist all AUD, EUR and GBP margin trading pairs on August 10

Zhitong Finance APP learned that Binance, the world's largest cryptocurrency exchange, said on Monday that it would stop providing cryptocurrency margin trading involving the Australian dollar, euro and pound sterling.

The exchange said in a statement that Binance will suspend margin trading pairs for Bitcoin, Ethereum and other large cryptocurrencies, as well as their Australian dollar, euro and pound sterling, from August 10. The platform will cancel all pending orders, automatically settle all open trades, and delist these trading pairs from the market on August 12.

Binance CEO Changpeng Zhao also said in a tweet on Sunday that Binance will limit the maximum leverage for new users to trade cryptocurrency futures from 100 times the user's invested funds to 20 times. Previously, Hong Kong-based crypto exchange FTX also reduced the leverage to 20 times to curb speculative trading in Bitcoin and other cryptocurrencies.

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