#btcBinance Futures will eliminate perpetual contracts on December 5

According to Binance's announcement, Binance Futures will close all positions and carry out an automatic settlement for various perpetual contracts on December 5, 2025. The affected contracts include USDⓈ-M SXPUSDT and MILKUSDT, scheduled for settlement at 09:00 (UTC), and USDⓈ-M OBOLUSDT and TOKENUSDT, set for 09:30 (UTC). After the settlement, these contracts will be removed from the list. Users are advised to close any open positions before the elimination time to avoid automatic settlement. New positions for these contracts will not be allowed starting from 08:30 (UTC) for SXPUSDT and MILKUSDT, and from 09:00 (UTC) for OBOLUSDT and TOKENUSDT.

During the last hour before the scheduled liquidation, the Futures Insurance Fund will not support the liquidation process for these contracts. Any triggered liquidation will be executed as a single Immediate or Cancel (IOCO) order, dumped into the market in a single attempt. If the execution of IOCO leaves sufficient assets in the user's account to meet the Maintenance Margin, the liquidation will cease. However, if the IOCO fails to reduce the position to meet the Maintenance Margin requirements, the Auto-Deleveraging (ADL) process will resolve any incomplete portion.

To protect users from risks in volatile market conditions, Binance Futures may implement additional protective measures for these contracts without prior notice. These measures could include adjusting leverage values, position values, maintenance margins, updating funding rates, changing price index components, and using the Protected Last Price mechanism to update the Mark Price. Users should remain vigilant and informed about these changes to manage their positions effectively.