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Crypto

Binance to delist eight USDC margin trading pairs, trading ends Aug 21

Binance will delist eight USDC-based margin trading pairs on Aug. 21, local time, U.Today reported. The move affects certain cross-margin and isolated-margin pairs, requiring users to close positions and transfer assets before trading ends. Trading will stop at 0600 UTC, when positions will be closed and settled automatically and pending orders canceled. Binance has also blocked new transfers of the assets to isolated-margin accounts and will begin isolated-margin borrowing limits from Aug. 18.

Finance

Household loan cap raised to 3 percent; scraping to be phased down

South Korea’s financial authorities loosened parts of their household loan management stance by raising this year’s lending growth target to 3 percent from 1.5 percent and planning 47.8 trillion won-plus in housing supply finance support. The move is expected to expand banks’ annual capacity for household loans to around 60 trillion won. Authorities also agreed not to block scraping all at once, opting to phase it down while preparing alternatives such as public MyData.

Crypto

Binance to delist seven spot trading pairs on Aug. 14, to phase out six tokens

Global cryptocurrency exchange Binance will halt trading in seven spot trading pairs, including APT/BTC and AR/BTC, on Aug. 14 local time. The move follows a regular review and targets pairs with low liquidity and trading volume, Binance said. Spot trading bot services for the affected pairs will also end. Later this month Binance plans to delist all spot pairs for six cryptocurrencies, fully ending spot trading in those tokens and setting deposit and withdrawal deadlines.