Binance announced the suspension of 7 alternative currencies against FDUSD margin trading pairs, but did not explain the reasons!

Binance platform announced that it will cancel multiple margin trading pairs next week, a move that will affect a wide range of alternative digital currency traders.

Currencies affected by the decision include Cardano (ADA), whose price fell by approximately 3.5% on December 30.

Binance announced that it will delist the following cross-margin trading pairs on January 6:

BCH/FDUSD, TAO/FDUSD, AVAX/FDUSD, LTC/FDUSD, SUI/FDUSD, ADA/FDUSD, LINK/FDUSD.

On the same day, it will also remove isolated margin pairs pegged to the same currency.

The platform explains that users will no longer be able to transfer assets to segregated margin accounts for these currency pairs through manual transfer or automatic transfer modes, while transfer operations for users with open obligations on these currency pairs will be restricted in proportion to the size of the obligation, after calculating the guarantees available.

What all the pairs that will be removed have in common is their connection to the stablecoin First Digital Dollar (FDUSD), and Binance has not provided an official explanation for the reason for this action.

It’s worth noting that the aforementioned currencies didn’t see major moves following the announcement, which is common when a specific “currency pair” is removed from full service rather than the currency itself.

Binance has released several similar updates in recent times.

About a week ago, the platform opened trading in the spot trading market for the ADA/USD1 currency pair and other currency pairs such as ASTER/USD1, LUNA/USDC, LUNC/USDC and ZEC/USD1, but excluded some countries, including the United States, Canada, Cuba, Iran, the Netherlands, etc.

ADA is up about 4%, ASTER is up 3.5%, and LUNA is up double digits.

Binance also announced in early December that it would delist FIS, REI and VOXEL coins, which caused their prices to fall after the news came out.

This situation occurred again in October when FLM, KDA and PERP currency services were terminated, with KDA’s value falling by approximately 30% following the announcement.

With this decision, it is clear that Binance’s current initiatives, which are focused on reducing margin pairs denominated in FDUSD, do not necessarily mean the complete termination of services for these currencies, but it may impact trading liquidity and the strategies of traders who rely on margin through these pairs.

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