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**Binance Futures Initiates Closure and Settlement of Perpetual Contracts**

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by Giorgi Kostiuk

a year ago


In a move to enhance user protection and maintain trading environment integrity, Binance Futures will be closing positions for USDⓈ-M STPTUSDT, SNTUSDT, and MBLUSDT perpetual contracts on May 13, 2024, at 12:00. Automatic settlements will follow this process. Additionally, the RADUSDT and CVXUSDT contracts will undergo similar procedures on May 14, 2024, at 12:00, and will be delisted after settlements are completed. Furthermore, leverage and margin tier adjustments will be made by Binance Futures for the mentioned perpetual contracts.

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