Binance (BNB) Revamps Futures Trading and Terminates Select Contracts: A New Era in Crypto Trading
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- Binance, a leading global cryptocurrency exchange, has recently made significant alterations to its futures market by discontinuing specific contracts and adjusting trading terms.
- The changes involve the removal of certain perpetual contracts and adjustments to leverage and margin requirements.
- This strategic decision is aimed at optimizing the trading experience and maintaining the market’s integrity.
Binance, a top cryptocurrency exchange, has made major changes to its futures market. This includes discontinuing certain contracts and adjusting trading terms to enhance user experience and maintain market integrity.
Details of the Delisted Contracts
The contracts affected by this decision include several USDⓈ-M perpetual contracts such as STPTUSDT, SNTUSDT, MBLUSDT, RADUSDT, and CVXUSDT. Binance has scheduled the closure of these contracts with automatic settlements at specified times to minimize impacts on traders. For example, contracts like STPTUSDT, SNTUSDT, and MBLUSDT are set to be closed on May 13, while others like RADUSDT and CVXUSDT will follow on May 14.
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