Binance to Delist MAVIA, OMG, and BOND Perpetual Contracts by December 2024
James Ding Dec 06, 2024 08:34
Binance Futures will delist MAVIAUSDT, OMGUSDT, and BONDUSDT perpetual contracts, closing all positions and conducting automatic settlements by December 16, 2024.
Binance, a leading cryptocurrency exchange, has announced plans to delist several USDⓈ-M perpetual contracts, specifically focusing on MAVIAUSDT, OMGUSDT, and BONDUSDT. The delisting process is scheduled for December 16, 2024, at 09:00 (UTC), according to Binance's official announcement.
Details of the Delisting
As part of the delisting process, Binance Futures will close all existing positions and carry out an automatic settlement for the specified contracts. The exchange has advised users to close any open positions before the delisting time to avoid automatic settlement. Furthermore, starting from 08:30 (UTC) on the same day, users will not be allowed to open new positions for these contracts.
Protective Measures and User Guidance
Binance has outlined that, in the event of extremely volatile market conditions, it may implement additional protective measures without further notice. These measures could include adjusting leverage, position values, maintenance margins, and funding rates, as well as updating the price index and employing the Last Price Protected mechanism to update the Mark Price. Users are advised to stay informed about these potential changes to mitigate risks.
Impact on Arbitrage Strategies
The Binance Funding Rate Arbitrage Bot will terminate all arbitrage strategies involving MAVIAUSDT, OMGUSDT, and BONDUSDT symbols at the time of delisting. Consequently, these pairs will no longer be available for initiating new arbitrage strategies post-delisting.
Binance cautions users about potential discrepancies between the English version of the announcement and any translations, advising users to refer to the original English version for the most accurate information.
For additional information, users can view the full announcement on the Binance website.
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