Binance Futures to Remove USDⓈ-M XEMUSDT, ORBSUSDT, and LOOMUSDT Perpetual Contracts (2024-12-09)
2024-11-29 07:00
This is a general announcement. The products and services described here may not be available in your area.
Dear Binance Community Members,
Binance Futures will close all positions and automatically settle USDⓈ-M XEMUSDT, ORBSUSDT, and LOOMUSDT perpetual contracts at 2024-12-09 12:00 (UTC+3). The contracts will be deleted after settlement.
Note
To avoid automatic settlement, we recommend closing all open positions before deleting contracts.
Users will not be able to open new positions on the specified contracts starting from 09.12.2024 11:30 (UTC+3).
2024-12-09 12:00 (UTC+3) Binance Funding Rate Arbitrage Bot will close all arbitrage strategies and perform automatic calculation for XEMUSDT, ORBSUSDT and LOOMUSDT trading pairs. After delisting, you will not be able to open new arbitrage strategies in this pair.
In order to protect users and prevent potential risks in extremely volatile market conditions, Binance Futures may take additional protective measures on these perpetual contracts without prior notice, including changing the maximum leverage, position value, and maintenance margin at each level, changing funding rates (including interest rate, premium, and maximum funding rate), changing price index components, and using last price protection mechanism to update the mark price, among other measures.