Call it “perpetual” — why force you to exit today?
Perpetual futures contracts don’t have a fixed expiry date, but that doesn’t mean the platform will let you trade them forever. In your trading plan, besides a price stop-loss, you should also leave an “exit route to stop trading the product.”
Binance announcement on October 1: Today, October 5, at 17:00 Beijing time, Binance will close and automatically settle three USDT-margined perpetual contracts—PROMPTUSDT, PUMPBTCUSDT, and 1000000BOBUSDT—then delist them. Starting from 16:30, you can no longer create new orders that are not strictly reduce-only. Don’t just remember the last time point—remember both of these times.
Suppose a trade was planned to be held for three days, but the contract settles today. The original time assumption becomes invalid. Even if the direction is later judged correct, it doesn’t mean the position can wait for that price. For cross-platform hedging, you also need to check whether, after one side exits, the other side leaves any one-way exposure.
My process is: first, cross-check the full contract code; then look at the cut-off for opening positions and the settlement timing; finally, reassess the exit cost. Don’t assume that because the spot is still trading under the same name, the perpetual with the same name will continue.
This checking habit also applies to trading BTC, ETH, and BNB, but these three are not in the delisting list for this round. How long a strategy can be executed also belongs to the strategy itself.
The second image is the platform’s theme reference photo.
#Futures Trading
$BTC $ETH $BNB
Click my avatar to view live trades with orders
Perpetual futures contracts don’t have a fixed expiry date, but that doesn’t mean the platform will let you trade them forever. In your trading plan, besides a price stop-loss, you should also leave an “exit route to stop trading the product.”
Binance announcement on October 1: Today, October 5, at 17:00 Beijing time, Binance will close and automatically settle three USDT-margined perpetual contracts—PROMPTUSDT, PUMPBTCUSDT, and 1000000BOBUSDT—then delist them. Starting from 16:30, you can no longer create new orders that are not strictly reduce-only. Don’t just remember the last time point—remember both of these times.
Suppose a trade was planned to be held for three days, but the contract settles today. The original time assumption becomes invalid. Even if the direction is later judged correct, it doesn’t mean the position can wait for that price. For cross-platform hedging, you also need to check whether, after one side exits, the other side leaves any one-way exposure.
My process is: first, cross-check the full contract code; then look at the cut-off for opening positions and the settlement timing; finally, reassess the exit cost. Don’t assume that because the spot is still trading under the same name, the perpetual with the same name will continue.
This checking habit also applies to trading BTC, ETH, and BNB, but these three are not in the delisting list for this round. How long a strategy can be executed also belongs to the strategy itself.
The second image is the platform’s theme reference photo.
#Futures Trading
$BTC $ETH $BNB
Click my avatar to view live trades with orders
