Binance Futures Operational Changes: Delisting and Leverage Adjustments
Monday, 6 May 2024, 07:22
Binance Futures Delisting STPT, Status, MovieBloc, Radworks, and Convex Finance
Binance Futures, the futures trading arm of the crypto exchange Binance, has announced significant operational changes that will impact various perpetual contracts.
Delisted Assets' Price Tumble
- Starting on May 6, 2024, Binance Futures will update leverage and margin requirements for the mentioned contracts, advising traders to reassess strategies.
- Following the adjustments, new positions in these contracts will be barred, leading to automatic settlements.
Market reactions were immediate, with prices of affected tokens like STPT, SNT, MovieBloc, Radworks, and Convex registering declines after the announcement.
Conclusion
Binance Futures' proactive actions to adapt to market conditions demonstrate its commitment to ensuring a secure trading environment.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.