Binance Futures has announced plans to delist and update the USDⓈ-M FOOTBALLUSDT and BLUEBIRDUSDT perpetual contracts, in a move aimed at adjusting leverage and margin tiers.
Binance Futures Announces Delistings and Updates for USDⓈ-M FOOTBALLUSDT and BLUEBIRDUSDT Perpetual Contracts
The changes will come into force at 12:00 on March 26, 2024 and will result in the closure of all positions and automatic settlements.
With delisting approaching, users are strongly advised to adjust their positions and leverage in advance to reduce the risk of liquidation.
It is recommended to close open positions before the anticipated delisting time to avoid automatic settlements.
Additionally, as of March 26, 2024, at 11:30 a.m., users will be prohibited from opening new positions for the affected contracts.
This restriction underscores Binance Futures' commitment to managing potential risks in the face of extreme market volatility.
Binance Futures reserves the right to implement additional protective measures without prior notice to protect users and address market uncertainties.
These measures may include adjustments to maximum leverage values, position sizes, maintenance margins, funding rates and components of price indices. Additionally, the Last Price Protected mechanism can be used to update the Mark Price.
The decision to delist and update leverage and margin tiers reflects Binance Futures' commitment to providing a safe and stable trading environment for its users.
The platform aims to protect the integrity of the derivatives market and protect investors from adverse market conditions by being proactive in risk management.
*This is not investment advice.