Binance to Delist Four USDT Perpetuals — Close Positions by Dec 10
Binance will delist four USDT‑margined perpetual futures — SKATE/USDT, REI/USDT, FIS/USDT and VOXEL/USDT — with trading ending and automatic settlement scheduled for 09:00 UTC on December 10, 2024. The exchange said the move follows routine market‑quality reviews that typically target low‑liquidity or low‑volume products. Traders holding these perpetuals should manually close positions, cancel open orders, or reduce leverage before the deadline to avoid forced settlement at prevailing market prices. The delisting affects only the specified perpetual contracts and does not necessarily impact spot listings or other Binance products for these tokens. Official updates will be posted on Binance’s announcements page. Actionable steps for traders: verify open SKATE, REI, FIS and VOXEL perpetual positions; close or reduce exposure; cancel orders; and consider reallocating capital to more liquid futures markets to limit execution and settlement risk.
Bearish
Delisting USDT‑margined perpetuals typically exerts negative pressure on the price of the affected token in the short term. Forced settlement and the end of a listed, marginable futures market remove a source of liquidity and leverage for traders, reducing trading interest and potential short‑term demand. Traders forced to close or settle positions can create sell pressure at or around the automatic settlement time. In the medium to long term the impact depends on whether other venues continue to offer liquid derivatives or spot markets for these tokens; if alternatives exist, price effects may be transient. For very low‑liquidity tokens, removal from a major derivatives venue like Binance can prolong lower liquidity and dampen recovery, making the outlook negative until broader market interest returns.