Binance Futures Delists USDⓈ-M LTCBUSD and DOGEBUSD Perpetual Contracts

Binance Futures Delisting USDⓈ-M LTCBUSD and DOGEBUSD Perpetual Contracts

Binance Futures has made the decision to delist the USDⓈ-M LTCBUSD and DOGEBUSD Perpetual Contracts. Here are the main details:

Automatic Settlement and Delisting

All positions on the USDⓈ-M LTCBUSD and DOGEBUSD Perpetual Contracts will be automatically settled on 2023-08-24 at 09:00 (UTC).
After the settlement, these contracts will be officially removed from the platform.

Adjustments to Leverage & Margin Tiers

Before the delisting, Binance Futures will make adjustments to the leverage and margin tiers of these contracts on 2023-08-17 at 12:30 (UTC).
Users need to be aware that positions opened before this update will be affected.
To avoid potential liquidation, it is strongly recommended for users to adjust their positions and leverage settings accordingly.

Key Recommendations

It is advised for users to close any open positions related to these contracts before the specified delisting time to avoid automatic settlement.
Starting from 2023-08-24 at 08:30 (UTC), users will not be able to open new positions for these contracts.

Protective Measures

Binance Futures may introduce additional protective measures for these contracts without prior notice to protect users and counteract potential risks in volatile market conditions.
These measures could involve adjustments to leverage values, position values, and maintenance margins.

For more detailed information, Binance has provided resources on its platform, including specifics on the delisting of futures contracts, trading rules, and related topics.

Recent Delistings

On August 15, 2023, Binance announced the delisting of SNM, SRM, and YFII, effective from August 22, 2023.

On August 16, 2023, Binance Margin communicated its intent to delist the EPX/BUSD, GAL/BUSD, GMX/BUSD, HIVE/BUSD, KLAY/BUSD, RAD/BUSD, and TVK/BUSD cross margin and isolated margin pairs. This change will take effect on 2023-08-24 at 06:00 (UTC).

Hot Take

Binance Futures is taking steps to delist certain perpetual contracts and make necessary adjustments to protect users and manage risks. It is important for users to stay informed about these changes and take appropriate action to avoid any potential negative impacts on their positions. Binance’s commitment to user protection and market stability is evident in the measures they are implementing. Stay updated with Binance’s resources for more information on delistings and trading rules.