How to Repay Liabilities After Binance Delists Borrowed Tokens

As long as you hold a liability, Binance's margin delisting process will automatically repay it for you – you do not need to "find and buy back the token." The system will forcibly sell your other collateral assets to settle the debt.

During this process, you essentially have no active choice – the system will first use any remaining balance of the delisted token in your account to repay, and if that is insufficient, it will sell your other collateral. So the key is not "how to repay," but "how to handle it yourself before the system acts, to avoid forced market selling."

1. First, identify your account type

The way the system handles liabilities differs significantly by account type. Check the three scenarios below to confirm which one applies to you.

Scenario A: Cross Margin Account

This is the most complex "automatic repayment" scenario. The system processes in the following order:

1. First use any remaining delisted token assets in your account to repay the debt: If you still hold the token (e.g., you borrowed MATIC and still have MATIC in the account), the system will use those tokens first to repay.

2. If insufficient, the liquidation engine sells your other collateral assets (such as USDT, BNB, etc.) to buy the delisted token and settle the debt.

3. The sale price is executed at the market price – this is where the risk lies. The system does not pick a favorable price; it trades at the prevailing market price around the delisting time.

Scenario B: Isolated Margin Account

The process is simpler than cross margin:

1. The system first uses any remaining delisted token assets in that isolated account to repay the debt.

2. If there is an excess delisted token balance after repayment, it is transferred back to your spot wallet.

3. Isolated accounts will not sell other assets across different tokens to repay the debt – leverage and risk are isolated within the isolated margin pair. The delisting only affects that specific trading pair.

Scenario C: Portfolio Margin Account

Liability handling for portfolio margin is more "straightforward":

1. The system automatically performs a forced liquidation: At the delisting time, the portfolio margin account will automatically sell the delisted asset for USDT or another stablecoin and add it to your margin balance.

2. This means: if you hold the delisted token as collateral, the system will directly sell it to cover margin requirements – you have no option to keep it.

2. If you already have a liability, what can you still do?

After a delisting announcement, the window for action is usually very short. Here is what you can do, ranked by urgency:

1. Manually repay before the delisting time (highly recommended)

• Manually transfer the corresponding amount of the delisted token from your spot account to the margin account, then click the "Repay" button to settle the liability.

• Note: After the delisting announcement, you can no longer use manual transfers to move the delisted token into the margin account – unless you hold an outstanding debt in that token. In that case, manual transfers are allowed, but the amount cannot exceed the liability amount (after deducting existing collateral).

2. Actively close the position before the delisting time

• Directly market sell the delisted token assets you hold, clear the position and liability, and transfer the remaining assets to your spot account.

3. Do nothing and wait for the system to automatically process (not recommended)

• The system will automatically execute according to the rules above, but you cannot control the selling price or timing.

Prerequisites

• You need to pay attention to Binance's margin delisting announcements and in-app/push/email notifications – users holding delisted assets or liabilities will receive notifications 7 days before and on the day of delisting.

• It is recommended to log in to your margin account immediately after the announcement to check for any liabilities or assets in the delisted token.

Common reasons for failure

1. Assuming "I can repay slowly after delisting": Once the delisting time arrives, trading permissions for the pair are immediately disabled, and all open orders are canceled. You can no longer take proactive action and can only wait for the system to process.

2. Holding pending orders when CML is below 2, leading to forced order cancellation: During cross margin delisting, if your Collateral Margin Level (CML) is below 2, the system will cancel all your pending orders. If you try to place a closing order just when CML dips below 2, the system may interrupt it.

Risk warnings

• Slippage losses from forced market selling: Delisting often happens on tokens with poor liquidity. The market sell execution price may be far below the normal market price. This is the greatest capital risk.

• The delisting process lasts approximately 3 hours: During this period, you cannot update your positions; you can only take action after the system completes its processing.

• Portfolio margin users need to pay special attention to uniMMR: Because delisted assets are automatically sold for USDT, your maintenance margin ratio may change and there is a certain probability of triggering a margin call or forced liquidation.

FAQ

Q: What does "margin borrowing service suspended" in the delisting announcement mean? A: It means that from that point in time, you can no longer borrow that token. If you already have a liability, it is not affected, but you cannot open new borrowings.

Q: If I only borrowed 10 USDT worth of the delisted token in cross margin, will the system still cause a big hassle and sell my other assets? A: If the collateral value is ≤ 0.0012 BTC equivalent, the system will use the BNB conversion function to settle directly and will not perform a separate market sale.

Final confirmation step:

Open Binance's "Margin Account" page and check whether the asset list shows any token marked as "Delisted" or with a delisting notice. If so, click the "Repay" button to see if you can repay manually. If the repay button is grayed out and unavailable, it means the delisting process has already started or ended – in this case, go directly to "Order History" or "Liquidation Records" to check the result of the system's automatic processing and confirm whether the liability has been cleared to zero. If the liability is still not cleared, immediately contact Binance customer support with your account ID and the name of the delisted token.