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Binance, the cryptocurrency exchange, announced today that it has updated its futures trading and will be delisting certain operations. According to the announcement, Binance futures will remove several cryptocurrency contracts from its platform. Let’s look at the details.
Which Contracts Were Removed?
The contracts removed from Binance futures include USDⓈ-M perpetual contracts for STPTUSDT, SNTUSDT, MBLUSDT, RADUSDT, and CVXUSDT. This move is part of the exchange’s ongoing efforts to ensure the integrity and efficiency of its trading offerings. The delisting process will involve closing all positions and initiating automatic settlement procedures.
Specifically, the delisting and automatic settlement will occur on different dates for each contract. Accordingly, the STPTUSDT, SNTUSDT, and MBLUSDT contracts are scheduled to close on May 13 at 12:00 Turkey time, while the RADUSDT and CVXUSDT contracts will close on May 14 at 12:00 Turkey time. Once the settlement process is completed, these contracts will be removed from the platform, and their trading availability in Binance futures will end.
In connection with the removal of specific contracts, Binance futures will also make adjustments to the leverage and margin tiers for the affected perpetual contracts. These changes will take effect on May 6 at 13:00 Turkey time and will affect existing positions opened before the update.
