Binance Futures Delisting Announcement
Binance has announced the impending delisting of USDⓈ-M HIFIUSDT and BAKEUSDT perpetual contracts. This crucial update impacts traders relying on these contracts. Let’s delve into the details that every trader needs to know.
Key Dates
- Effective Date of Delisting: October 3, 2025
- Closing of Positions: October 3, 2025, at 09:00 UTC
- Last Chance to Open New Positions: October 3, 2025, at 08:30 UTC
What This Means for Traders
- Automatic Settlement: Binance Futures will automatically settle all positions in HIFIUSDT and BAKEUSDT contracts on the specified date. All open positions will be closed, and users are recommended to proactively manage their holdings prior to the settlement date.
- No New Positions: Traders will not be able to open new positions after the specified time. It’s essential for users to take note of this restriction to avoid any unexpected losses.
- Risk Management: During the final trading hour, the Futures Insurance Fund will not be employed to support liquidations, which poses a heightened risk for traders. Users should ensure that their margin balances meet maintenance requirements to prevent automatic liquidation.
Precautionary Measures
- Binance may implement additional protective measures without prior notice to safeguard traders in volatile market conditions. This includes:
- Adjustments to leverage limits.
- Updates to funding rates and trade execution mechanisms.
- Changes to the price index constituents.
Recommendations for Traders
- Actively Monitor Positions: Given heightened volatility as the delisting date approaches, it is crucial to stay informed and manage your open positions effectively.
- Be Prepared for Liquidation Risks: Users must ensure sufficient margin to avoid unexpected liquidation events, especially during the last hour of trading.
- Refer to Official Guidelines: For further insights and to clarify any uncertainties regarding the trading rules, traders are encouraged to consult the comprehensive documentation available on Binance’s official site, including the Trading Rules of USDⓈ-M Futures Contract.
Official Resources
For more information on the delisting, refer to:
In conclusion, while the delisting of HIFIUSDT and BAKEUSDT perpetual contracts is a significant development for Binance Futures users, adherence to the recommendations and awareness of timelines can help mitigate associated risks.
Stay updated, trade wisely, and always be prepared!