Binance Futures has announced the scheduled closure of all positions and the execution of an automatic settlement for the USDⓇ-M MAVIAUSDT, OMGUSDT, and BONDUSDT perpetual contracts. This process will take place on **2024-12-16 at 09:00 (UTC)**. Following the settlement, these contracts will be delisted from the platform.
Key Details and Timeline:
1. **Delisting Time:**
- All positions for these contracts will be automatically settled and closed by Binance Futures at **2024-12-16 09:00 (UTC)**.
- The contracts will no longer be accessible post-settlement.
2. **Restrictions Prior to Delisting:**
- Starting from **2024-12-16 at 08:30 (UTC)**, users will be restricted from opening new positions for the MAVIAUSDT, OMGUSDT, and BONDUSDT contracts.
- It is strongly recommended for users to manually close any open positions before the delisting time to avoid automatic settlement processes.
3. **Impact on Arbitrage Strategies:**
- The Binance Funding Rate Arbitrage Bot will automatically terminate all arbitrage strategies involving MAVIAUSDT, OMGUSDT, and BONDUSDT symbols at **2024-12-16 09:00 (UTC)**.
- These trading pairs will no longer support new arbitrage strategies after delisting.
Protective Measures:
To safeguard users and mitigate risks during periods of high market volatility, Binance Futures may implement additional measures for these contracts without prior notification. Such measures could include:
- **Leverage Adjustments:** Changing the maximum leverage and position values.
- **Margin Updates:** Modifying maintenance margins in various tiers.
- **Funding Rate Changes:** Revising interest rates, premium funding rates, and capped funding rates.
- **Price Index Updates:** Altering the constituents of the price index.
- **Price Mechanisms:** Employing the Last Price Protected mechanism for Mark Price updates.
Final Recommendations:
Users are encouraged to review their positions and strategies involving the affected contracts to ensure a smooth transition. Stay updated with Binance Futures announcements for any further developments.
Disclaimer:
The information provided here is intended for informational and educational purposes only. It does not constitute financial or investment advice. Always perform your own research before making any investment or trading decisions.
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