Binance Futures, a prominent platform in the cryptocurrency derivatives exchange realm, has decided to streamline its offerings by delisting a handful of its perpetual contracts.

The contracts facing delisting include USDⓈ-M futures for STPTUSDT, SNTUSDT, MBLUSDT, RADUSDT, and CVXUSDT. This decision is part of the exchange's ongoing commitment to maintain the integrity and efficiency of its trading environment.

Delisting Schedule and Settlement Each contract has been allocated a specific delisting date, with STPTUSDT, SNTUSDT, and MBLUSDT scheduled for closure on May 13 at 09:00 (UTC), followed by RADUSDT and CVXUSDT on May 14 at the same time.

The delisting process will culminate in the automatic settlement of all positions, after which the trading platform will permanently remove these contracts from Binance Futures.

Adjustments to Leverage and Margin Requirements In anticipation of the delisting, Binance Futures will adjust the leverage and margin tiers for the affected contracts starting May 6 at 10:30 (UTC).

These adjustments are critical for traders with existing positions before the update. They aim to align the platform's leverage and margin requirements with current market conditions, enhancing the trading ecosystem's stability and resilience.

"Users are strongly urged to take proactive measures to adjust their positions and leverage accordingly in order to mitigate any potential risks of liquidation."

Precautionary Measures for Traders Binance Futures emphasizes the importance of users taking proactive steps to manage their risk, advising traders to close any open positions related to the delisted contracts well in advance.

Additionally, the platform will restrict the opening of new positions for these contracts shortly before the delisting dates to mitigate risk further. Users should also be prepared for potential further adjustments to trading parameters as Binance Futures deems necessary.

By taking these steps, Binance Futures reinforces its commitment to user safety and the overall health of its trading environment.

Traders are encouraged to familiarize themselves with the detailed tables and announcements provided by the platform to navigate these changes effectively.