Binance to delist several perpetual futures contracts

Hanzin

Binance warned users that it would delist many perpetual futures contracts.

The platform said Binance will remove STP, Status, MovieBlock, Radworks and Convex contracts. Adjustment is a proactive measure aimed at adapting to market conditions and increasing trading security.

Investors trading the listed contracts are advised to review their strategies to avoid potential liquidation of positions. This is especially true for adjusting the leverage.

After the update that will take effect on May 13, Binance will prohibit opening new positions in STPTUSDT, SNTUSDT, MBLUSDT, RADUSDT and CVXUSDT contracts.

Binance Futures Trading also reserves the right to implement additional protective measures without prior notice. This includes changes to the leverage limit, position values, maintenance margins for various levels, and other possible adjustments.

In related Binance news, a US court sentenced the exchange’s founder Changpeng Zhao to four months in prison on April 30 for his involvement in money laundering and other illegal activities.

The punishment turned out to be lighter than expected. It was initially assumed that the verdict on Changpeng Zhao would be announced on February 23, but the hearing was postponed for more than two months. The prosecution requested a 36-month prison sentence for the former president of Binance.

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