Binance Futures Will Delist USDⓈ-M XEMUSDT, ORBSUSDT and LOOMUSDT Perpetual Contracts (2024-12-09)

According to the announcement, Binance Futures will close all positions and automatically settle the USD-M XEMUSDT, ORBSUSDT, and LOOMUSDT perpetual contracts at 16:00 on 09/12/2024 (Vietnam time).

The above contracts will be removed from the platform after the settlement is completed.

For more details, you can view here

Positions opened before the update will be affected. Therefore, users should adjust their positions and leverage to avoid any potential liquidation risks.

Binance Futures also notes:

Users should close any open positions before the delisting time to avoid automatic liquidation. Users are not allowed to open new positions for the XEMUSDT, ORBSUSDT, and LOOMUSDT contracts starting from 09/12/2024 at 15:30 (Vietnam time).

At 16:00 (Vietnam time) on 09/12/2024, Binance's Funding Arbitrage Bot will close all arbitrage strategies and automatically liquidate the above pairs.

After this time, these pairs will no longer be available for opening new arbitrage strategies. To protect users and mitigate risks in volatile market conditions, Binance Futures may implement additional protective measures without notice, such as adjusting maximum leverage, position value, and updating funding rates.