Binance Futures, a leading cryptocurrency derivatives trading platform, has announced plans to delist and update several perpetual contracts, including USDⓈ-M STPTUSDT, SNTUSDT, MBLUSDT, RADUSDT, and CVXUSDT.
Binance Futures Announces These Perpetual Contracts Have Been Delisted and Updated
The platform will initiate the closing of all positions and perform automatic settlements for USDⓈ-M STPTUSDT, SNTUSDT and MBLUSDT perpetual contracts at 12:00 on May 13, 2024.
Then, RADUSDT and CVXUSDT contracts will undergo the same transaction at 12:00 on May 14, 2024. These contracts will be delisted upon completion of settlements.
Additionally, Binance Futures will make adjustments to the leverage and collateral levels of the aforementioned perpetual contracts on May 6, 2024 at 13:30.
It is very important for users to note that existing positions opened before the update will be affected. Therefore, users are advised to adjust their positions and leverage before adjusting to avoid potential liquidation risks.
Binance Futures reserves the right to take additional protective measures without prior notice to reduce risks associated with extremely volatile market conditions.
These measures may include adjusting maximum leverage values, position values, maintenance margins, updating funding rates, changing the components of price indices, and using the Last Price Protected mechanism to update the Mark Price.
Users are prohibited from opening new positions for affected contracts as of the following dates:
May 13, 2024, 11:30: STPTUSDT, SNTUSDT and MBLUSDT USDⓈ-M perpetual contracts
May 14, 2024, 15:30: RADUSDT and CVXUSDT USDⓈ-M perpetual contracts
To avoid automatic payments, users are advised to close their open positions before delisting time.
*This is not investment advice.
