Binance Futures Will Delist USDⓈ-M XEMUSDT, ORBSUSDT and LOOMUSDT Perpetual Contracts (2024-12-09)

This is a general announcement. Products and services referred to here may not be available in your region.

Fellow Binancians,

Binance Futures will close all positions and conduct an automatic settlement on the USDⓈ-M XEMUSDT, ORBSUSDT, and LOOMUSDT USDⓈ-M perpetual contracts at 2024-12-09 09:00 (UTC). The contracts will be delisted after the settlement is complete.

Please Note: 

• Users are advised to close any open positions prior to the delisting time to avoid automatic settlement.

• Users are not allowed to open new positions for the aforementioned contracts starting from 2024-12-09 08:30 (UTC).

• At 2024-12-09 09:00 (UTC), Binance Funding Rate Arbitrage Bot will close all arbitrage strategies and conduct an automatic settlement on the XEMUSDT, ORBSUSDT, and LOOMUSDT symbols. The pairs will no longer be available for opening new arbitrage strategies upon delisting.

• In order to protect users and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the aforementioned contracts without further announcement, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates, such as the interest rate, premium and capped funding rate, changing the constituents of the price index, and using the Last Price Protected mechanism to update the Mark Price.

• There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.

For More Information:

• Delisting of Futures Contracts

• Trading Rules of USDⓈ-M Futures Contracts

• Leverage and Margin of USDⓈ-M Futures Contracts

• Mark Price and Price Index

Thank you for your support!

Binance Team

2024-11-29