Key Takeaways
Binance Futures will delist the USDⓈ-M BSWUSDT perpetual contract on Sept. 15, 2025, at 09:00 UTC.
All positions will be automatically settled at delisting.
Users cannot open new positions after 08:30 UTC on the same day.
Final-hour liquidations will follow Immediate or Cancel (IOCO) rules, with potential Auto-Deleveraging (ADL).
Delisting Details
Binance Futures announced it will close all positions and delist the USDⓈ-M BSWUSDT perpetual contract on 2025-09-15 at 09:00 UTC.
New position openings will be disabled starting from 08:30 UTC.
Automatic settlement will occur at 09:00 UTC, after which the contract will be permanently delisted.
Users with open positions are strongly advised to close them before settlement to avoid automatic liquidation.
Final Hour Settlement Rules
During the last hour before delisting, the Futures Insurance Fund will not be used to support liquidations. Instead:
Liquidations will execute as Immediate or Cancel orders (IOCO).
If margin requirements remain unmet after IOCO, positions may be reduced through the Auto-Deleveraging (ADL) process.
Users should be aware of heightened volatility and reduced liquidity in this period.
Additional Protective Measures
To safeguard users in volatile conditions, Binance Futures may implement further measures without prior notice, including:
Adjusting leverage limits, position values, and maintenance margins.
Updating funding rates (interest, premium, capped rates).
Modifying price index constituents.
Applying the Last Price Protected mechanism to update the Mark Price.
