Fellow Binancians,
Binance Futures will close all positions and conduct an automatic settlement on the COIN-M GALAUSD, ZILUSD and VETUSD Perpetual Contracts at 2022-12-26 09:00 (UTC). The contracts will be delisted after the settlement is complete.
Please Note:
- Users are advised to close any open positions prior to the delisting time to avoid automatic settlement.
- In order to protect our customers and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the COIN-M GALAUSD, ZILUSD and VETUSD Perpetual Contracts without further announcement, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates such as the interest rate, premium and capped funding rate, changing the constituents of the price index, and using the Last Price Protected mechanism to update the Mark Price.
- Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
For more information:
- Delisting of Futures Contracts
- Trading Rules of COIN-M Futures Contracts
- Leverage and Margin of COIN-M Futures Contracts
- Price Index
Thanks for your support!
Binance Team
2022-12-23
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Binance reserves the right in its sole discretion to amend or change or cancel the products referred to in this announcement at any time and for any reasons without prior notice.
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