BINANCE FUTURES SETTLES 3 CONTRACTS TOMORROW — CHECK YOUR EXPOSURE
Binance Futures will automatically settle and delist three USDⓈ-M perpetual contracts tomorrow, October 5:
* $PROMPT USDT
* $PUMPBTC USDT
* $1000000BOB USDT
Critical deadlines
08:30 UTC / 4:30 AM ET
New non-reduce-only orders stop being permitted.
09:00 UTC / 5:00 AM ET
Binance closes positions and automatically settles the contracts.
Binance advises users to close open positions before the settlement time.
It also warns that the final hour can experience heightened volatility and reduced liquidity.
Wealth Engine checklist
1. Identify exposure
Do you have positions or orders in any of the three contracts?
2. Review orders
Don’t wait until the restriction window.
3. Review leverage/margin
Settlement events can interact badly with high leverage.
4. Decide before the deadline
Don’t let automatic settlement become your trading plan.
This is an operational risk notice, not a bullish or bearish signal.
Do you treat exchange delistings as a core risk-control checklist item before they become a forced event?
#Binance #BinanceFutures #CryptoTrading #Futures #RiskManagement #Trading #WealthEngine
Binance Futures will automatically settle and delist three USDⓈ-M perpetual contracts tomorrow, October 5:
* $PROMPT USDT
* $PUMPBTC USDT
* $1000000BOB USDT
Critical deadlines
08:30 UTC / 4:30 AM ET
New non-reduce-only orders stop being permitted.
09:00 UTC / 5:00 AM ET
Binance closes positions and automatically settles the contracts.
Binance advises users to close open positions before the settlement time.
It also warns that the final hour can experience heightened volatility and reduced liquidity.
Wealth Engine checklist
1. Identify exposure
Do you have positions or orders in any of the three contracts?
2. Review orders
Don’t wait until the restriction window.
3. Review leverage/margin
Settlement events can interact badly with high leverage.
4. Decide before the deadline
Don’t let automatic settlement become your trading plan.
This is an operational risk notice, not a bullish or bearish signal.
Do you treat exchange delistings as a core risk-control checklist item before they become a forced event?
#Binance #BinanceFutures #CryptoTrading #Futures #RiskManagement #Trading #WealthEngine