🚀🚀Binance Futures Announces Delisting of 3 Altcoins! 🚀🚀

Binance Futures has delisted XEM, ORBS, and LOOM.

Binance Futures announced that it will delist XEMUSDT, ORBSUSDT, and LOOMUSDT Perpetual Contracts on December 9, 2024. The delisting process includes the following steps:

All open positions must be closed by 11:00 AM on December 9, 2024. Unclosed positions will be automatically reconciled.

New position openings will be disabled starting at 11:30 AM on December 9, 2024.

The contracts will be delisted from the exchange after the reconciliation process is complete.

The Binance Funding Rate Arbitrage Bot will terminate all active arbitrage strategies involving the delisted pairs at 12:00 AM.

These pairs will not be available for new arbitrage strategies after being delisted.

Binance urges users to close their open positions before the due date to avoid automatic liquidation. The platform also recommends that they follow the developments and updates regarding the delisted process.

This step is in line with Binance’s efforts to optimize trading options, improve the liquidity and efficiency of its platform, and improve user experience.

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