Binance leveraged trading is removed: 6 tokens will be forced to close positions on September 11

Binance margin assets removed from shelves: Which trading pairs will disappear on September 11?

Binance has just issued an important notice reminding traders who use margin trading to read it carefully. The new removal of Binance margin assets will officially take effect on September 11, 2026, when multiple trading pairs will be removed from the full position and position by position margins, and one mortgaged asset will be cancelled. If you hold positions involving affected trading pairs, make sure you have a clear time window, and missing the deadline may result in losses.

Specific content to be removed

According to Binance's official announcement, the removal of margin assets involves a specific combination of trading pairs and a pledged asset. All changes will take effect at 06:00 UTC on September 11, 2026. The detailed list is as follows:

• Trading pairs with Cross Margin removed:
  API3/USDC, COOKIE/USDC, PROVE/USDC, QNT/USDC, SHELL/USDC, TLM/USDC
• Trading pairs with Isolated Margin removed:
  COOKIE/USDC, PROVE/USDC, SHELL/USDC, TLM
• Collateral assets removed:
  USDP (removed from full position margin and portfolio margin)

It is worth noting that API3 and QNT were only removed from full position margin because these two assets had not previously been placed on a case-by-position margin basis. COOKIE, PROVE, SHELL and TLM will lose both full position and step-by-position margin support.

Timelines for traders to pay attention to

This removal is not completed in one go, but is carried out in stages, and each stage is crucial:

1. The announcement will be released immediately:
   Users can no longer transfer new quantities of affected assets to the position-by-position margin account through manual operation or automatic transfer mode. If you already hold liabilities for these tokens, you can still transfer enough funds to cover existing liabilities.
2. September 9, 2026 06:00 UTC:
   The borrowing function of the affected position-by-position trading pairs is suspended, which means that you will not be able to establish new borrowing and borrowing positions in these trading pairs.
3. September 11, 2026 06:00 UTC:
   This is the final cut-off node. Binance will automatically close all open positions, settle all funds, and cancel all pending orders on affected trading pairs. Thereafter, these transactions and USDP collateralized assets will be completely removed from the Binance margin market.

Why traders should take action before the deadline

Binance clearly points out an important detail: During the actual processing process (which the exchange estimates takes about three hours), users will not be able to make any changes to their positions. This means that if you hold positions in these pairs and wait until the last moment, you may be forced to watch the system automatically settle and be unable to adjust your strategy yourself.

Here are a few practical suggestions worth noting:

• Manual closing positions in advance: gives you control over the exit price.
• Asset transfers: If you don't want automatic settlement to occur, it is safer to move assets from margin accounts to spot accounts.
• Responsibility: Binance has made it clear that it will not be responsible for any losses related to this incident, so the responsibility for the actions lies with the user himself.

Subsequent trading channels for these assets

This removal of margin assets only affects margin access for specific trading pairs, and does not completely remove these tokens from the exchange. Users can still trade API3, COOKIE, PROVE, QNT, SHELL, and TLM through other trading pairs available on Binance Margin, but cannot trade through the removed trading pairs mentioned above. In short, this is mainly about restricting margin access to these specific assets rather than excluding them completely from the platform.

Special reminder for USDP holders

In addition to trading pairs, USDP has also been removed as a type of accepted collateral for full position margins and portfolio margins. If you have been using USDP to endorse margin positions, this option will expire on the same deadline (September 11). Users who rely on USDP need to switch to other collateral assets before the deadline to avoid disrupting existing positions.

Conclusion

The removal of Binance margin assets from the shelves is an event with clear timing points. Before the full removal at 06:00 UTC on September 11, the new lending feature will be suspended two days in advance. For traders who hold API3, COOKIE, PROVE, QNT, SHELL or TLM in margin trading, or rely on USDP as collateral, there is a short but clear window to close or adjust positions before Binance automated clearing steps in. Acting early remains the easiest way to avoid losing control after the deadline.