Binance Futures Delists Multiple Cryptocurrencies, Adjusts Leverage and Margin
Binance Futures, a major player in cryptocurrency derivatives, has decided to remove certain cryptocurrencies from its platform.
These include the perpetual contracts for STPTUSDT, SNTUSDT, MBLUSDT, RADUSDT, and CVXUSDT. The move aims to streamline trading operations. Closure of positions and automatic settlements will follow.
Notably, each contract will be delisted and settled on different dates. STPTUSDT, SNTUSDT, and MBLUSDT contracts will conclude on May 13 at 09:00 (UTC), while RADUSDT and CVXUSDT contracts will end on May 14 at 09:00 (UTC). Once settled, these contracts will no longer be tradable on Binance Futures.
In addition to delisting, Binance Futures will adjust leverage and margin tiers for affected contracts, effective May 6 at 10:30 (UTC). Users are advised to adjust positions to avoid risks of liquidation.
READ MORE: Tom Lee: Bitcoin Price Drop a Buying Opportunity, Predicts $150K Target
Binance Futures will provide detailed adjustment tables to assist users. These measures aim to ensure stability while protecting user interests.
As part of user safety measures, Binance Futures recommends closing open positions before delisting times to avoid automatic settlements and potential consequences.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
