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.
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Binance Team
2024-03-28
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
Disclaimer: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Futures trading, in particular, is subject to high market risk and price volatility. You may be called upon at short notice to make additional margin deposits or interest payments. If the required margin deposits or interest payments are not made within the prescribed time, your collateral may be liquidated without your consent. Moreover, you will remain liable for any resulting deficit in your account and interest charged on your account. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice. To learn more about how to protect yourself, visit our Responsible Trading page. For more information, see our Terms of Use and Risk Warning.
