Binance has recently taken sweeping action to clean up its platform, announcing the removal of several altcoin futures contracts just hours after updating its watchlist. The crypto giant will soon close COIN-M perpetual contracts for four altcoins, while USDT-margined contracts for an additional three will also come to an end. This move will affect how users trade these specific assets on Binance’s futures market, narrowing the available options for both hedging and speculation.
Key Delistings Impact VFY, 1000WHY, and BDXN Futures
On March 17, Binance will close USDⓈ-M (USDT-margined) perpetual futures for VFY, 1000WHY, and BDXN. As the exchange does not offer alternative futures pairs—such as BUSD- or USDC-based contracts—for these coins, users will be unable to open new futures positions on them after this date. This effectively delists the futures offerings for these three altcoins entirely from Binance’s platform.
COIN-M Perpetual Contracts for ALGO, SAND, ENS, ATOM to Be Delisted
COIN-M (coin-margined) futures contracts for ALGO/USD, SAND/USD, ENS/USD, and ATOM/USD will also be removed. However, USDT-margined perpetual contracts for these altcoins—such as ALGOUSDT, SANDUSDT, ENSUSDT, and ATOMUSDT—will remain available. This means that, while COIN-M contracts are being retired, users can continue trading these coins on their corresponding USDT-based futures pairs beyond March 18.
Traders holding active COIN-M futures positions on ALGO, SAND, ENS, or ATOM need to close out those positions before the cutoff to avoid forced settlement. If they wish to keep trading these altcoins via leverage, they must open new positions on the USDT-margined pairs. For VFY, 1000WHY, and BDXN, all positions must be closed by March 17, after which only spot trading will be possible as no futures contracts for these coins will remain available on Binance.
Binance recommended users close open positions on the affected contracts before the delisting dates to prevent inconveniences and risk of liquidation.
The latest wave of contract closures follows Binance’s recent watchlist update, continuing the platform’s strategy of refining its product lineup. The selective approach is designed to streamline its offerings and enhance overall market integrity, an increasingly common practice among leading cryptocurrency exchanges amid fast-moving market conditions.
Binance stated that users with remaining open positions at the time of contract removal will have those positions automatically settled at the prevailing market price. The company emphasized that users should monitor relevant announcements closely to manage their positions and margin requirements effectively, thereby minimizing the risk of involuntary liquidation.
For now, only the spot market option remains for VFY, 1000WHY, and BDXN once the futures contracts expire. Users will need to adjust their strategies accordingly, as leveraged trading for these coins will no longer be feasible on Binance. For ALGO, SAND, ENS, and ATOM, the shift to only USDT-margined pairs marks a major change, impacting traders who previously preferred COIN-M contracts for hedging or portfolio diversification.
These developments underscore Binance’s broader commitment to product optimization and regulatory compliance. Participants are advised to remain vigilant and adapt to the fast-evolving landscape as the platform continues to implement strategic updates.
