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 computerized reconciliation at 12:00 on December 16, 2024 and can imply the elimination of those contracts from the platform.
Primary Particulars of Delisting
Place Closures: Customers are suggested to shut their open positions previous to the delisting time to keep away from computerized reconciliation by Binance.
Restriction on New Positions: Beginning at 11:30 AM on December 16, 2024, traders will be unable to open new positions within the affected contracts.
Settlement Course of: All remaining positions will likely be robotically closed on the time of delisting, after which the contracts will now not be accessible.
Affect on Arbitrage Methods
Binance’s Funding Price Arbitrage Bot can even adjust to the delisting:
At 12:00 on December 16, all arbitrage methods linked to MAVIAUSDT, OMGUSDT and BONDUSDT contracts will likely be robotically closed.
These pairs won’t be accessible to launch new arbitrage methods after delisting.
Binance encourages all customers to proactively handle their positions and arbitrage methods to keep away from sudden losses throughout the computerized reconciliation course of.
*This isn’t funding recommendation.
