🚨 Important Update: Binance Futures to Delist XEMUSDT, ORBSUSDT, and LOOMUSDT Contracts! 🚨
Attention traders! Binance Futures will delist the USDⓈ-M perpetual contracts for XEMUSDT, ORBSUSDT, and LOOMUSDT on 2024-12-09 at 09:00 (UTC). Don’t miss these key details to protect your funds and adjust your strategies:
🔹 Timeline to Note:
2024-12-09 08:30 (UTC): New positions will no longer be allowed.
2024-12-09 09:00 (UTC): Automatic settlement will close all positions, and contracts will be delisted.
🔹 What You Need to Do:
1️⃣ Close Open Positions Early: Avoid automatic settlement by closing your positions ahead of the deadline.
2️⃣ Prepare Arbitrage Strategies: Binance Funding Rate Arbitrage Bot will automatically settle XEMUSDT, ORBSUSDT, and LOOMUSDT pairs at delisting.
🔹 Protective Measures:
To safeguard traders during volatile market conditions, Binance may:
Adjust leverage, margin, or funding rates.
Update price index components or apply the Last Price Protected Mechanism for Mark Price updates.
🔹 Stay Informed:
For the latest updates on futures delistings, trading rules, and leverage guidelines, check the official announcements:
Delisting of Futures Contracts
USDⓈ-M Futures Rules
⚠️ Act Now: Prepare for these changes and manage your positions to minimize risks. Binance always has your back with proactive measures to protect your trading experience!
🔗 Learn More: Binance Team (2024-11-29)
#BinanceFutures #CryptoTrading #DelistingAlert #BitwiseFiles10ETFs #Write2Earn!
