Binance Futures Delists Five Major Cryptocurrencies, ApeCoin (APE) Too

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

The recent announcement from Binance Futures indicated the delisting of five significant cryptocurrencies, including ApeCoin (APE). This decision was influenced by the increasing regulatory challenges faced by the exchange globally.

Binance Futures specified the closure of all positions and automatic settlements on the COIN-M perpetual contracts of KNCUSD, ICXUSD, XTZUSD, ROSEUSD, and APEUSD, scheduled for May 20 and May 21. Following these settlements, the contracts will be removed from the platform.

Furthermore, Binance intends to make adjustments to the leverage and margin tiers of the mentioned perpetual contracts starting from today. Changes will impact existing positions opened before the update.

ApeCoin, previously a popular cryptocurrency, was also affected by this action, despite its status as a top 101 crypto asset with daily trading volumes exceeding $40 million on Binance.

This decision by Binance reflects the exchange's response to increasing regulatory pressures. The regulatory scrutiny led to the former CEO, Changpeng "CZ" Zhao, receiving a four-month prison sentence, and the exchange facing a historic $4.3 billion fine.

Traders are advised to take necessary precautions to prevent potential liquidation due to the delisting of these major cryptocurrencies. Binance Futures recommends users adjust their positions and leverage prior to the adjustments to minimize any negative impacts on their assets.

APE to USD APE to USD by CoinmarketCap

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Cipher Digital Advances Colchis Project with Conditional Baseload Classification

Cipher Digital reports conditional baseload classification for its 1-gigawatt Colchis project and is developing pipelines for future expansion.

user avatarAndrew Smith

Cipher Digital Achieves First HPC Lease Revenue and Extends Barber Lake Lease

Cipher Digital has recognized its first HPC lease revenue in Q3 2026 and extended its Barber Lake lease to 20 years, increasing contracted revenue to $91 billion.

user avatarJacob Williams

Core Scientific's Transition to AI Infrastructure Shows Promising Financial Metrics

Core Scientific's financial results reveal a significant shift in its business model, focusing on AI compute demand rather than Bitcoin mining profitability.

user avatarSon Min-ho

Core Scientific Reports Significant Growth in Colocation Revenue

Core Scientific has reported a substantial increase in colocation revenue, marking a shift from Bitcoin mining to AI infrastructure.

user avatarZainab Kamara

Hut 8 Reports Significant Energy Capacity Developments

Hut 8 reported substantial energy capacity developments, including 1,330 MW under construction and 3,180 MW entering exclusivity.

user avatarAyman Ben Youssef

Hut 8 Fully Commercializes Beacon Point AI Campus

Hut 8 has fully commercialized its Beacon Point AI campus with a second 352 MW lease, significantly increasing its AI datacentre portfolio's contract value.

user avatarTando Nkube

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.