Binance announced that it will remove XNO, IQ, QUICK and DGB tokens from its Margin and Loan platforms as of June 12, 2026. The exchange also stated that it will not be held responsible for any potential losses incurred by users who fail to close their open positions by that date.
How will the timeline work?
The first step begins on June 9. At 09:00 TRT, Binance will suspend borrowing for all cross margin and isolated margin pairs involving these four tokens. This means users will no longer be able to open new positions by using these tokens as collateral or borrowed assets after that time.
At 06:00 TRT on June 12, the Flexible Loan service will automatically close all open positions involving XNO, IQ, QUICK and DGB. For VIP Loan users, these tokens will no longer be accepted as collateral. Binance is urging users to close their debts manually before the automatic closure; otherwise, it warns that losses may occur depending on the size of the debt and market conditions.
The final delisting time on the margin side is 13:00 TRT on June 12. From that point on, these tokens will be completely removed from both the Cross Margin and Isolated Margin interfaces. If users still hold any of these tokens in their accounts, the system will follow one of two paths based on the Cross Margin Collateral Ratio (CML): if the ratio is above 2, the tokens will be transferred to the Spot account; if it is below 2, they will be sold directly. On the Isolated Margin side, all open orders will be canceled and positions will be closed.
For users with Portfolio Margin accounts, the process is somewhat stricter: after the deadline, any remaining balances in these tokens will be converted into USDT through automatic liquidation. Binance therefore warned Portfolio Margin users to closely monitor their unified maintenance margin ratio (uniMMR).
It is also worth noting that the process may take around three hours. During this period, users will not be able to update their positions.
Which coins are being removed?
The four tokens mentioned in the announcement have very different positions in the crypto market.
Nano (XNO) is a payment-focused blockchain project founded in 2015 under the name RaiBlocks before later rebranding to Nano. It stands out with its mining-free and zero-fee structure, and uses a block-lattice architecture. In theory, it offers near-instant transaction speeds, but it has fallen far behind larger competitors in terms of adoption. Its market capitalization has declined sharply in recent years.
IQ (IQ) is a knowledge economy token built around Everipedia. It allows users to create, rate and govern Wikipedia-like content; the IQ token functions as both a reward and governance tool within this ecosystem. The project started on EOS and later expanded to several other chains, including BNB Chain.
QuickSwap (QUICK) is a decentralized exchange (DEX) running on the Polygon network. It was launched in 2020 to offer low-cost and fast token swaps as an alternative to Ethereum’s high gas fees. It can be described as a Polygon-based version of Uniswap. Although it has often been mentioned in the DeFi space, its trading volume has declined noticeably over time.
DigiByte (DGB) is an older proof-of-work chain developed in 2014, inspired by Bitcoin. Because it uses five different mining algorithms, supporters argue that it has maintained a strong level of decentralization in terms of security. Over the years, it has been listed on many exchanges and has continued to remain in the “mid-tier” altcoin category by market capitalization.
Why does it matter?
The removal of these four tokens from Binance’s Margin and Loan lists is part of the exchange’s periodic liquidity and risk assessments. Binance usually applies this type of measure to tokens with low trading volumes or tokens it considers to carry increased risk as collateral. This does not mean a spot delisting; however, removal from margin services reduces the role of these tokens in the leveraged trading ecosystem.
Users holding XNO, IQ, QUICK or DGB positions are advised to review their accounts and complete any necessary transfers before 09:00 TRT on June 9.
