Binance Futures, a division of Binance, has expressed its intention to remove and update two perpetual contracts, USDⓈ-M FOOTBALLUSDT and BLUEBIRDUSDT, as part of an initiative aimed at adjusting leverage effects and margin requirements.
Removal and update of contracts on Binance Futures
Planned changes affecting the perpetual contracts USDⓈ-M FOOTBALLUSDT and BLUEBIRDUSDT will take effect on March 26, 2024, at 12:00, leading to the termination of all current positions and their automatic settlement.
Users are strongly advised to proactively adjust their positions and leverage in relation to the upcoming removal of contracts to minimize the risk of possible liquidation.
It is advisable to close all open positions before the scheduled removal date to avoid forced settlement.
Restriction on opening new positions
From March 26, 2024, at 11:30, opening new positions for the affected contracts will be prohibited, emphasizing Binance Futures' effort to control potential risks during times of increased market volatility.
Furthermore, Binance Futures reserves the right to implement additional protective measures without prior warning to protect its users and manage market uncertainty.
These measures may include adjustments to maximum leverage levels, position sizes, margin requirements, funding rates, and price index components. The last price protection mechanism may be used as a tool to update market prices.
Commitment to a secure trading environment
Binance Futures' decision to remove and rework leverage effects and margins reflects its commitment to providing users with safe and stable trading conditions.
The main goal of this platform is to maintain market integrity in derivatives and protect investors from adverse market fluctuations through active risk management.
#Binance #futures Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“