Overview of the Delisting Announcement
On September 10, 2025, Binance announced that it will be delisting the USDⓈ-M BSWUSDT perpetual contract. The decision is significant for traders as this contract will be closed, and an automatic settlement will occur on September 15, 2025, at 09:00 (UTC).
Key Dates to Remember
- Delisting Date: September 15, 2025
- Last Time to Open New Positions: September 15, 2025, at 08:30 (UTC)
- Automatic Settlement Time: September 15, 2025, at 09:00 (UTC)
Important User Notifications
- Close your Positions: Users are encouraged to close any open positions before the delisting time to avoid automatic settlement.
- Liquidation Process: During the final hour before the scheduled settlement, the Futures Insurance Fund will not be utilized for any liquidations, which means that any positions liquidated during this hour will be processed as Immediate or Cancel orders.
- User Responsibility: It is crucial for users to actively manage their positions, especially during periods of heightened volatility.
What Can Users Expect?
- Market Conditions: Users should prepare for potential volatility and reduced liquidity leading up to and during the settlement.
- Additional Measures from Binance: To handle extreme market volatility, Binance may introduce measures such as adjusting leverage and margin requirements without prior notice to users.
Conclusion
This delisting may affect trading strategies for those utilizing the BSWUSDT perpetual contracts, and users need to act promptly to manage their investments effectively.
For More Information
For further details, users can check the original announcement on the Binance support page or consult the trading rules for USDⓈ-M Futures contracts.