Binance is removing BitTorrent (BTTC) and Powerledger (POWR) from its margin and lending infrastructure, with the main delisting scheduled for August 14 at 10:00 UTC. The change affects Cross Margin, Isolated Margin, Portfolio Margin, Flexible Loan and VIP Loan products. The move reduces the ways users can employ BTTC and POWR as leveraged assets or collateral without representing a full delisting of either token from Binance.
The first restriction has already taken effect. Binance suspended new borrowing of BTTC and POWR across the affected Cross and Isolated Margin markets on August 11 at 10:00 UTC, while transfers of the tokens into those margin accounts had already been restricted after the announcement. Users with existing exposure now face a defined window to reduce liabilities or move eligible balances before automated processing begins on August 14.
Margin Accounts Face Different Settlement Rules
At 10:00 UTC on August 14, Binance will remove the relevant Cross and Isolated Margin markets. Isolated Margin positions will be closed automatically, settled and have outstanding orders canceled. Cross Margin treatment is more conditional and depends on the account’s collateral structure and Collateral Margin Level rather than a blanket liquidation of every position.
Where users hold BTTC or POWR as Cross Margin collateral, Binance may transfer part of the balance to Spot if the Collateral Margin Level is above 2, while remaining affected tokens can be sold. If users owe the delisted assets, the system can sell other collateral to acquire BTTC or POWR and repay those liabilities. The automated process can create execution risk because users lose control over when the necessary asset sales occur. Binance estimates the delisting process may take about three hours, during which positions cannot be updated.
Portfolio Margin has a more direct outcome. Any BTTC or POWR still held in those accounts after the scheduled delisting time will be automatically liquidated, sold for USDT and credited back to the Portfolio Margin balance. Binance has advised Portfolio Margin users to move the affected assets to Spot and monitor their Unified Maintenance Margin Ratio before the deadline to reduce liquidation risk.
Flexible and VIP Loans Also Close on August 14
The lending side follows the same 10:00 UTC deadline. Flexible Loan will automatically close outstanding positions involving BTTC and POWR both as loanable assets and collateral, while VIP Loan will close positions using the tokens as collateral. Binance is encouraging borrowers to repay affected loans manually before the automatic closure rather than leaving execution entirely to the platform.
The change should also be distinguished from Binance Spot. A separate August 11 notice says the BTTC/TRY spot pair will stop trading on August 14 at 03:00 UTC, but explicitly states that removing a trading pair does not remove the underlying token from Binance Spot when other pairs remain available. POWR was not included in that spot-pair notice. The current action therefore primarily removes leverage and lending support rather than eliminating access to BTTC and POWR across the exchange.
For affected users, the operational deadline is now the central issue. Binance says it will not assume responsibility for losses arising from automated margin processing, and available products can vary by jurisdiction. Closing liabilities and reviewing collateral before August 14 gives users greater control over execution than waiting for the exchange’s automated settlement procedures.
Emma Lawson writes about the pressure points where crypto meets the outside world: regulation, exchanges, macro policy, tokenized assets and geopolitical risk. From the US, she follows the decisions and events that can change how capital moves, how platforms operate and how digital assets are treated by institutions.
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