Binance Futures has introduced plans to delist USDⓈ-M MAVIAUSDT, OMGUSDT, and BONDUSDT perpetual contracts.
Binance Futures to Delist Three Perpetual Contracts on December 16
The delisting will happen after automated reconciliation at 12:00 on December 16, 2024 and can imply the removing of those contracts from the platform.
Basic Details of Delisting
Position Closures: Users are suggested to shut their open positions previous to the delisting time to keep away from automated reconciliation by Binance.
Restriction on New Positions: Starting at 11:30 AM on December 16, 2024, traders won’t be able to open new positions within the affected contracts.
Settlement Process: All remaining positions can be routinely closed on the time of delisting, after which the contracts will now not be accessible.
Impact on Arbitrage Strategies
Binance’s Funding Rate Arbitrage Bot may also adjust to the delisting:
At 12:00 on December 16, all arbitrage methods linked to MAVIAUSDT, OMGUSDT and BONDUSDT contracts can be routinely closed.
These pairs is not going to be obtainable to launch new arbitrage methods after delisting.
Binance encourages all customers to proactively handle their positions and arbitrage methods to keep away from surprising losses throughout the automated reconciliation course of.
*This isn’t funding recommendation.
