Guavy AI Editorial TeamSentiment: -2Clout: 60

Binance Announces Delisting of Six Perpetual Futures Contracts Due to Low Trading Volume

Binance, the world's largest cryptocurrency exchange by trading volume, has announced a significant change in its listing strategy. The exchange will delist six perpetual futures contracts due to low trading volume and liquidity issues.

The affected contracts include B3/USDT, DEGEN/USDT, BOB/USDT, ZKJ/USDT, IR/USDT, and DAM/USDT. These contracts will be removed in two phases: April 28, 2025, and April 29, 2025.

The delisting process will involve the automatic settlement of any remaining positions at the mark price at the delisting time for traders who fail to close their positions before the deadlines. This move is aimed at maintaining a healthy trading environment and reducing risks for users who might trade illiquid assets.