Binance Futures has announced the liquidation and delisting of the LEVER/USDT perpetual contract, scheduled for September 3, 2025. Users are advised to close their positions in advance.
Details of Contract Liquidation
All positions for the LEVER/USDT contract will be automatically closed and settled at 09:00 (UTC) on September 3, 2025. Following the completion of the settlement, the contracts will be delisted. Users are strongly encouraged to manage and close their existing positions in advance to avoid forced liquidation risks.
Market Reaction and Consequences
While reactions to this news have been measured, there are no public comments from Binance's leadership or notable industry figures. Increased volatility is expected in the final hour leading up to the delisting, necessitating user vigilance.
Current Market Situation Analysis
According to data from CoinMarketCap, LeverFi currently holds a market capitalization of $11.31 million. Trading volume has decreased by 71.29% over the past 24 hours, with prices down by 7.98%. The analysis suggests that the delisting may lead to increased liquidity challenges for LEVER, as such events historically tend to elevate short-term volatility.
The liquidation and delisting of the LEVER/USDT contract by Binance underscore their risk management approach, potentially influencing market liquidity and volatility, especially amid dwindling demand for the token.
