📣 [Notice] Binance Will Delist FTT Margin Pairs, USDⓈ-M Futures Contracts

Hello, This is COVEST

Binance will remove and cease trading on the following margin trading pairs at 2022-11-13 11:30 (UTC):
Cross Margin Pairs: FTT/USDT
Isolated Margin Pairs: FTT/USDT

Binance Futures will close all positions and pending orders, and conduct an automatic settlement on the USDⓈ-M FTTUSDT Perpetual Contracts at 2022-11-14 04:00 (UTC) and 2022-11-14 04:30 (UTC) respectively. The USDⓈ-M FTTUSDTPerpetual Contracts will be delisted after the settlement is complete.

Please Note:
Users are advised to close any open positions prior to the delisting time to avoid automatic settlement.
In order to protect our customers and prevent potential risks in extremely volatile market conditions, Binance Futures may undertake additional protective measures towards FTTUSDT Perpetual Contracts without further announcement, including but not limited to adjusting the margin tiers including maximum leverage value, position value, and maintenance margin in each tier, updating the funding rates including 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.
At 2022-11-13 11:30 (UTC), Binance will close users’ positions, conduct an automatic settlement and cancel all pending orders on the FTT cross/isolated margin pairs. We will then delist the relevant cross/isolated margin pairs. Users are strongly advised to close their positions prior to the cessation of margin trading to avoid any potential losses.

For more information:
Original link
Thanks for your support!
COVEST Team
2022-11-13