Binance Futures has just made an important announcement regarding a number of perpetual Futures Contract (USDⓈ-M) and said that the system will automatically settle all open positions before officially delisting these contracts. This is a move that Binance periodically makes to ensure liquidation, limit risks and maintain stability for the Derivative market in the context of strong volume fluctuations by the end of 2025.
According to the announced roadmap, Binance will close all positions and automatically settle USDⓈ-M SXPUSDT and MILKUSDT contracts at 16:00 on December 5, 2025, Vietnam time. Immediately after that, at 16:30 on the same day, USDⓈ-M OBOLUSDT and TOKENUSDT contracts will also be processed in a similar process. After the settlement is completed, all of the above contracts will be delisted from the platform.
Before the mandatory settlement time, users are advised to proactively close open positions to avoid automatic system processing, especially during periods when the market may experience strong price fluctuations. Binance has also disabled the function of opening new positions for each contract at each time point, starting from 15:30 on December 5 for SXPUSDT and MILKUSDT, and from 16:00 for OBOLUSDT and TOKENUSDT, Vietnam time.
