Buy Crypto
Pay with
Markets
NFT
New
Downloads
English
USD

FAQ
Futures Service Agreement

How can we help you?
Account Functions
Tutorial
Binance Fan Token
Binance Earn
Crypto Deposit/Withdrawal
Buy Crypto (Fiat/P2P)
Spot & Margin Trading
Crypto Derivatives
Futures Contracts
Introduction to Binance Futures
Strategy Trading
USDⓈ-M Futures Contracts
COIN-M Futures Contracts
Futures Guide
Cross Collateral
Hedge Mode
Types of Orders
Binance Futures Welcome Bonus Coupon
Futures Service Agreement
Binance Futures Related Programs
Index
Trading Rules
Options
Leveraged Tokens
Finance
API
Security
Terms of Use
NFT
VIP

Delisting of Futures Contracts

2020-10-02 02:36

What is delisting?

Delisting is the removal of a listed asset from an exchange. The delisting can be voluntary or involuntary and usually happens when a project ceases operations, does not meet listing requirements, undergo a hard fork, or split or reverse split occasions with new coins. There are numerous factors that could go into the decision for an exchange to delist an asset.

What to expect during delisting?

When an asset gets delisted from an exchange, all of its trading pairs will stop trading and be removed. An official announcement will be released prior to the cessation of the trading date to acknowledge all users. Users are still able to trade until the cessation of the trading date.
During the last hour on the cessation of trading date, the mark price of the delisted asset will be calculated as the average of the price index every second over the last hour before cessation, i.e. total 3,600 mark price.
It is important to note that you are not allowed to open positions of the delisted asset, but only allowed to close your positions, i.e. placing reduce-only orders 10 minutes before the cessation of trading.
If you choose to hold the position until the cessation of trading, the position will be automatically closed or settled. Please note that trading fees will be charged for the automatic settlement. All unrealized P/L is calculated at the time of settlement and converted into realized P/L.
You are advised to close any open positions of the delisted asset before the cessation of trading to avoid automatic settlement.