Updates on GTC Open Orders for USDⓈ-M and COIN-M Futures Contracts (2024-04-09)

Fellow Binancians,

Effective from 2024-04-09 06:00 (UTC), Binance Futures will introduce a one-year validity period to Good-Till-Cancel (GTC) open orders for USDⓈ-M and COIN-M futures contracts to improve overall system performance and stability. With this update, GTC open orders will expire in one year after placement.

Notes:

• This applies to all order types including “Reduce Only” orders. 

• Partially filled open orders will not be impacted.

• This does not impact Strategy Trading or Copy Trading orders.

• Binance Futures reserves the right to adjust the validity period of GTC open orders for USDⓈ-M and COIN-M futures contracts at its sole discretion without any prior notice. Please refer to the API documentation for the most updated information.

• There may be discrepancies in the translated version of this original article in English. Please reference this original version for the latest or most accurate information where any discrepancies may arise.

Guides & Related Materials

• Trading Rules of USDⓈ-M Futures Contracts

• Trading Rules of COIN-M Futures Contracts

• Potential Reasons for Failed Orders in Binance Futures

Thank you for your support!

Binance Team

2024-03-28