Dear user:

Binance Futures will automatically liquidate the GMTBUSD, NEARBUSD and AVAXBUSD U-standard perpetual contracts at 17:00 on April 18, 2023 (Eastern District Time), and will delist GMTBUSD, NEARBUSD and AVAXBUSD U-standard contracts after the liquidation is completed. Perpetual contract trading pairs.

Binance Futures will update the leverage and margin tiers of the above NEARBUSD, GMTBUSD and AVAXBUSD contracts at 23:00 on April 14, 2023 (Eastern District Time). The specific adjustments are as follows:

  • GMTBUSD U-based perpetual contract

  • NEARBUSD U-based perpetual contract

  • AVAXBUSD U-based perpetual contract

Notice:

  • It is recommended that users close their positions themselves before stopping trading to avoid automatic liquidation of positions.

  • After 16:30 on April 18, 2023 (East Eighth District time), users will not be able to add new positions to the above U-standard perpetual contracts.

  • In order to protect the rights and interests of users and reduce potential risks under extreme market conditions, Binance Futures may take additional protection measures for GMTBUSD, NEARBUSD and AVAXBUSD U-based perpetual contracts without further announcement. Potential protection measures include, but are not limited to, adjusting leverage and margin (including the maximum leverage multiple at each level, position limits, and maintenance margin rates), adjusting funding rates (including base interest rates, premium indexes, and rate caps), and changing price index components. Or use the "latest transaction price protection mechanism" to update the mark price.

  • If there is any discrepancy between the translated version and the original English version, the English version shall prevail.

illustrate:

  • Contract removal process

  • BUSD contract trading rules

  • Leverage and margin for BUSD contracts

  • price index

Thank you for your support of Binance!

Binance Team

April 14, 2023