Binance to Delist UTK from Margin Trading

According to the announcement from Binance, the platform will delist UTK as a borrowable asset from both Cross Margin and Isolated Margin pairs on 2026-03-30 at 06:00 (UTC). This decision affects the UTK/USDT trading pairs in both margin categories. Effective immediately, users will no longer be able to transfer UTK via manual transfers or Auto-Transfer Mode into their Margin Accounts. Users with outstanding liabilities in UTK may only transfer up to the amount of their liabilities, minus any available collateral. On 2026-03-27 at 06:00 (UTC), Binance Margin will suspend borrowings for the UTK cross margin and isolated margin pairs. By 2026-03-30 at 06:00 (UTC), Binance will close all user positions, conduct automatic settlements, and cancel pending orders for the isolated margin pairs, which will then be removed. If users hold both collateral and liabilities in UTK on cross margin, the collateral will be used to repay the liabilities. Depending on the Collateral Margin Level (CML), remaining tokens may be transferred to Spot Accounts or sold. For users holding UTK as liabilities, if the CML is below 2, pending orders will be canceled, and other collateral tokens will be sold to repay the liabilities. Users are advised to close positions and transfer assets to Spot Accounts before the delisting to avoid potential losses. Portfolio Margin users should transfer UTK out of Margin Accounts and monitor the Unified Maintenance Margin Ratio (uniMMR) to prevent liquidation. Any remaining UTK in Portfolio Margin Accounts after 2026-03-30 at 06:00 (UTC) will be liquidated and converted to USDT or other stablecoins. Binance emphasizes that it will not be responsible for any losses incurred during this process.