Binance Futures to Remove Select Perpetual Contracts Next Month

Binance Futures is making adjustments to its platform by removing certain perpetual contracts.

The contracts for XEM, ORBS, and LOOM will be delisted on December 9, 2024, with specific steps outlined for users. All open positions in these contracts must be closed by 11:00 AM, after which any remaining positions will be automatically reconciled. Additionally, opening new positions will be disabled at 11:30 AM, and the delisting will be finalized once the settlement process is complete.

At noon, Binance’s Funding Rate Arbitrage Bot will close any active arbitrage strategies related to these pairs, and no new strategies can be initiated once they are delisted.

Binance urges users to close their positions ahead of the deadline to avoid automatic liquidation and recommends staying updated for further details or support.

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This move aligns with Binance’s continuous efforts to optimize its offerings, maintaining the platform’s efficiency and liquidity.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.