The post Binance Futures Announces It Will Delist Three Altcoin Trading Pairs! Here Are The Details appeared on BitcoinEthereumNews.com.

Binance Futures has announced plans to delist USDⓈ-M MAVIAUSDT, OMGUSDT, and BONDUSDT perpetual contracts. Binance Futures to Delist Three Perpetual Contracts on December 16 The delisting will take place after automatic reconciliation at 12:00 on December 16, 2024 and will mean the removal of these contracts from the platform. Basic Details of Delisting Position Closures: Users are advised to close their open positions prior to the delisting time to avoid automatic reconciliation by Binance. Restriction on New Positions: Starting at 11:30 AM on December 16, 2024, investors will not be able to open new positions in the affected contracts. Settlement Process: All remaining positions will be automatically closed at the time of delisting, after which the contracts will no longer be accessible. Impact on Arbitrage Strategies Binance’s Funding Rate Arbitrage Bot will also comply with the delisting: At 12:00 on December 16, all arbitrage strategies linked to MAVIAUSDT, OMGUSDT and BONDUSDT contracts will be automatically closed. These pairs will not be available to launch new arbitrage strategies after delisting. Binance encourages all users to proactively manage their positions and arbitrage strategies to avoid unexpected losses during the automatic reconciliation process. *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data! Source: https://en.bitcoinsistemi.com/binance-futures-announces-it-will-delist-three-altcoin-trading-pairs-here-are-the-details/

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Filed under: News - @ December 6, 2024 7:23 am