Binance Futures to Delist XCN, FLM & PERP Perpetuals
Binance Futures has confirmed plans to delist XCN/USDT, FLM/USDT and PERP/USDT perpetual contracts. Originally slated for removal on June 21, the delisting has been rescheduled to November 21, 2025. All open positions will be auto-closed at 12:00 UTC, and new orders will be suspended at 11:30 UTC. The decision follows Binance Futures’ routine risk management and product optimization, based on factors such as liquidity, trading volume and user demand. Traders should manually close positions before suspension times to avoid slippage and liquidation risks. Settlement and auto-close processes will be handled securely to ensure a smooth transition. Spot markets for these tokens remain unaffected. The update underscores the importance of active risk management and monitoring exchange policies for altcoin futures.
Bearish
Delisting futures contracts tends to exert downward pressure on the underlying tokens as traders close leveraged positions, leading to short-term sell-offs and increased volatility. The auto-close mechanism and order suspension may trigger forced liquidations and slippage, further depressing prices. In the long term, reduced derivatives access can limit speculative demand, maintaining bearish sentiment until alternative trading venues absorb liquidity.