On December 9, 2024, Binance will delist XEM, ORBS, and LOOM from its futures platform. Learn about the process and important timelines.
Delisting Details
Binance has announced the delisting of XEMUSDT, ORBSUSDT, and LOOMUSDT perpetual contracts. All open positions must be closed by 11:00 AM on December 9, 2024. Remaining positions will be automatically liquidated at that time. Opening new positions will be disabled from 11:30 AM on December 9. The contracts will be delisted immediately after the settlement process is completed.
Impact on Users
Binance advises users to close their open positions in advance to avoid automatic liquidation. Arbitrage strategies involving the delisted pairs will also be closed by 12:00 PM on December 9, 2024, and these pairs will not be available for new arbitrage strategies.
Reasons for Delisting
This move aligns with Binance's efforts to optimize trading offerings and enhance user experience by ensuring the liquidity and efficiency of its platform.
The delisting of XEM, ORBS, and LOOM on Binance showcases the platform's commitment to improving trading conditions. Users are encouraged to follow updates for more detailed information.
