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Binance Futures has introduced its resolution to delist the USDⓈ-M LTCBUSD and DOGEBUSD Perpetual Contracts. Listed here are the first particulars:
Automated Settlement and Delisting
All positions on the USDⓈ-M LTCBUSD and DOGEBUSD Perpetual Contracts will endure an automated settlement on 2023-08-24 at 09:00 (UTC). Following this settlement, the contracts will likely be formally delisted from the platform.
Changes to Leverage & Margin Tiers
Previous to the delisting, Binance Futures will make changes to the leverage and margin tiers of those contracts on 2023-08-17 at 12:30 (UTC). It is essential for customers to notice that positions opened earlier than this replace will likely be affected. To keep away from potential liquidation, customers are strongly suggested to regulate their positions and leverage settings accordingly.
Key Suggestions
Customers are urged to shut any open positions associated to those contracts earlier than the desired delisting time to sidestep automated settlement.
From 2023-08-24 at 08:30 (UTC) onwards, customers is not going to have the choice to open new positions for the aforementioned contracts.
Protecting Measures: Binance Futures has highlighted that, within the curiosity of consumer safety and to counteract potential dangers in risky market circumstances, it’d introduce extra protecting measures for these contracts with out additional discover. Such measures might embody changes to numerous parameters like leverage values, place values, and upkeep margins.
For these in search of extra complete particulars, Binance has offered assets on its platform, together with specifics on the delisting of futures contracts, buying and selling guidelines, and different associated matters.
Current Delistings:
On August 15, 2023, Binance introduced its resolution to delist SNM, SRM, and YFII efficient from August 22, 2023.
On August 16, 2023, Binance Margin communicated its intention to delist the EPX/BUSD, GAL/BUSD, GMX/BUSD, HIVE/BUSD, KLAY/BUSD, RAD/BUSD, and TVK/BUSD cross margin and remoted margin pairs. This transformation will take impact on 2023-08-24 at 06:00 (UTC).
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