This is a general announcement. Products and services referred to here may not be available in your region.
Fellow Binancians,
Binance Futures will close all positions and conduct an automatic settlement on the REEFUSDT USDⓈ-M perpetual contract at 2025-01-22 09:00 (UTC). The contract will be delisted after the settlement is complete.
In addition, Binance Futures has adjusted the leverage and margin tiers of the REEFUSDT USDⓈ-M perpetual contract at 2025-01-15 07:30 (UTC). Please note that existing positions opened before the update will not be affected.
Please Note:
Users are advised to close any open positions prior to the delisting time to avoid automatic settlement.
Users are not allowed to open new positions for the aforementioned contract starting from 2025-01-22 08:30 (UTC).
In order to protect users and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures toward the aforementioned contract without further announcement, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates, such as the interest rate, premium and capped funding rate, changing the constituents of the price index, and using the Last Price Protected mechanism to update the Mark Price.
There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise.
Thank you for your support!
Binance Team
2025-01-15
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Binance reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reasons without prior notice.
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