Binance Futures has announced that it will delist and update the leverage and margin tiers of the DOTBUSD perpetual contract.
Cryptocurrency Exchange Binance Delisted DOTBUSD Trading Pair from Margin Trading
The exchange will close all positions and perform an automatic settlement on the contract at 12:00 on May 9, 2023. Once the settlement is complete, the contract will be removed from the list.
This move is in line with Binance's efforts to ensure that its trading products meet the platform's quality and risk management standards.
By delisting the contract, Binance aims to protect its users from the potential risks associated with the contract.
The update to the leverage and margin tiers of the contract is expected to provide a more balanced and secure trading experience for users.
Changes will be implemented after the completion of the contract and will be notified to users through the official channels of the platform.
Binance Futures advises all users who have an open position on the USDⓈ-M DOTBUSD perpetual contract to close their positions before automatic settlement occurs at 9:00 (UTC) on May 9, 2023.
Failure to do so may result in positions being closed at the prevailing market price, resulting in losses.
Overall, Binance Futures' decision to delist and update the USDⓈ-M DOTBUSD perpetual contract reflects its commitment to provide a safe and secure trading environment for its users.
Binance aims to maintain its position as one of the world's leading cryptocurrency exchanges by constantly monitoring and improving its trading products.
At the time of this writing, Polkadot (DOT) was trading at $5.73.
*Not investment advice.