Delisted Margin Pairs: Analysis of Liquidity Contraction in Cryptocurrencies

PanicSeller69 · 2026-02-13T00:15:44+00:00

This week, a major trading platform delisted ten different margin trading pairs, signaling a trend towards eliminating low liquidity assets. Affected pairs include combinations of various tokens, and users faced immediate transfer restrictions. The transition required users to adapt their strategies, emphasizing the importance of proactive risk management in the trading landscape.

PanicSeller69

2026-02-13 00:15:44

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This week marked a significant milestone in the consolidation of trading markets: one of the largest platforms implemented the removal of ten different pairs from margin trading, both in cross and isolated modes. This decision reflects a broader industry trend toward cleaning up low-liquidity assets in specific trading segments.

The affected margin pairs include a mix of tokens from various sectors: from Layer 2 protocols like GRT/ETH to decentralized stablecoins like COTI/BTC. The full list of cross-mode removals includes KNC/BTC, COTI/BTC, BAT/BTC, DUSK/BTC, RLC/BTC, GRT/ETH, GLM/BTC, and KAVA/BTC, while the isolated segment adds two additional assets: JST/BTC and CTK/BTC.

Implementation Schedule and Immediate Restrictions

The platform established a detailed timeline for the transition. Immediately, users faced restrictions on transferring these assets to their isolated margin accounts. This limitation applies to both manual transfers and automated systems, with the only exception being users with debts, who can transfer up to the exact amount of their outstanding obligations.

On February 4, 2026, the platform completely suspended isolated margin loans for these pairs. Two days later, on February 6, 2026, all positions were automatically closed, including forced liquidations and cancellation of open orders for both margin modes. The technical delisting process took approximately three hours, during which users could not adjust their positions.

Practical Implications for Traders

This consolidation in the margin market reflects rationalization patterns in global exchanges. Traders operating these pairs had to migrate their strategies to other available instruments on the platform or seek liquidity in other markets. The platform’s decision not to assume responsibility for losses during the delisting process underscores the importance of proactive risk management.

For users with active exposures, the critical window was to transfer assets from margin accounts to spot accounts before the closure. This separation between margin and spot markets is essential to understanding how modern trading platforms operate and to managing liquidity risk.

ETH-0,58%

COTI-2,72%

BTC-1,2%

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