Binance Futures to Delist Perpetual Contracts on December 5

According to the announcement from Binance, Binance Futures is set to close all positions and conduct an automatic settlement for several perpetual contracts on December 5, 2025. The contracts affected include USDⓈ-M SXPUSDT and MILKUSDT, scheduled for settlement at 09:00 (UTC), and USDⓈ-M OBOLUSDT and TOKENUSDT, set for 09:30 (UTC). Following the settlement, these contracts will be delisted. Users are advised to close any open positions before the delisting time to avoid automatic settlement. New positions for these contracts will not be permitted starting from 08:30 (UTC) for SXPUSDT and MILKUSDT, and from 09:00 (UTC) for OBOLUSDT and TOKENUSDT. During the final hour before the scheduled settlement, the Futures Insurance Fund will not support the liquidation process for these contracts. Any liquidation triggered will be executed as a single Immediate or Cancel order (IOCO), offloaded into the market in one attempt. If the IOCO execution leaves sufficient assets in the user's account to meet the Maintenance Margin, liquidation will cease. However, if the IOCO fails to reduce the position to meet Margin Maintenance requirements, the Auto-Deleveraging (ADL) process will resolve any unfilled portion. Users are strongly encouraged to monitor and manage open positions during this period due to potential heightened volatility and reduced liquidity. To protect users from risks in volatile market conditions, Binance Futures may implement additional protective measures for these contracts without further notice. These measures could include adjusting leverage values, position values, maintenance margins, updating funding rates, changing price index constituents, and using the Last Price Protected mechanism to update the Mark Price. Users should remain vigilant and informed about these changes to manage their positions effectively.