Binance Futures will remove the COIN-M contracts GMTUSD and DOGSUSD
According to the Binance announcement, Binance Futures will close all positions and conduct an automatic adjustment on the COIN-M contracts GMTUSD and DOGSUSD on 2025-10-28 09:00 (UTC). After the adjustment, these contracts will be removed from the list. Users are advised to close any open positions before the removal time to avoid the automatic adjustment. Starting from 2025-10-28 08:30 (UTC), new positions for these contracts cannot be opened.
During the final hour before the scheduled adjustment, the Futures Insurance Fund will not support the liquidation process for these contracts. Any liquidation triggered during this period will be executed as a single Immediate or Cancel (IOCO) order, which will be dumped into the market in a single attempt. If the execution of the IOCO leaves sufficient assets in the user's account to meet the required Maintenance Margin, the liquidation will cease. However, if the IOCO fails to fully reduce the position to meet the Maintenance Margin requirements, any unexecuted portion will be resolved through the Auto-Deleveraging (ADL) process. Users are strongly advised to monitor and manage open positions during this final hour due to potential high volatility and reduced liquidity.
To protect users and mitigate risks in volatile market conditions, Binance Futures may implement additional protective measures for these contracts without prior notice. These measures could include adjusting the maximum leverage, the position value, and the maintenance margin at each margin level, updating funding rates, changing the components of the price index, and using the Protected Last Price mechanism to update the Mark Price. Users should be aware of these potential changes and manage their positions accordingly.
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