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#Event
The platform will close the above mentioned trades on (09-12-2024)
Binance Futures will close all trades and auto-settlement on USDⓈ-M XEMUSDT, ORBSUSDT, and LOOMUSDT USDⓈ-M perpetual contracts on 09-12-2024 09:00 (UTC). The contracts will be removed after the settlement is completed.

Please note:

Users are advised to close any open trades before the removal time to avoid auto-settlement.

Users are not allowed to open new trades on the above mentioned contracts starting from 09-12-2024 08:30 (UTC).

On 2024-12-09 09:00 (UTC), the Binance Funding Rate Arbitrage Bot will close all arbitrage strategies and auto-settlement on XEMUSDT, ORBSUSDT, and LOOMUSDT tokens. Trading pairs will no longer be available for opening new arbitrage strategies upon deletion.

In order to protect users and prevent any potential risks in the event of extreme market volatility, Binance Futures may take additional protection measures related to the above contracts without further announcement, including adjusting the maximum leverage value, trade value, and margin coverage at each margin level, updating funding rates such as interest rate, price, and maximum funding rate, changing the components of the price index, and using the last price protection mechanism to update the fair price.