Back

Binance to Auto-Settle Six USDT-M Perpetual Contracts Before Delisting

According to Binance, six USDⓈ-M perpetual contracts will be auto-settled across April 28 and 29, with new positions disabled 30 minutes before each settlement.

USDT

Fact Check
The strongest evidence is the official Binance announcement URL surfaced by Google: 'Binance Futures Will Delist USDS-M Multiple Perpetual Contracts ...' at https://www.binance.com/en/support/announcement/detail/1d2b6970facd470dbba6a674e1595bd4. Its search snippets specify the six contracts B3USDT, DEGENUSDT, BOBUSDT, ZKJUSDT, IRUSDT, and DAMUSDT and place their delisting on April 28 and 29, 2026. PANews' article '币安合约将于下周下架B3、DEGEN等USDⓈ-M永续合约' directly adds that new positions are disabled 30 minutes before settlement and only position reduction is allowed. BlockBeats independently matches the same six contracts and dates. An official Binance Square post, 'Binance Futures to Delist Six Perpetual Contracts in April 2026,' further corroborates the event. The wording 'USDT-M' in the claim is slightly imprecise versus Binance's 'USDⓈ-M/USDS-M' terminology, but the substance of the claim is supported.
    Reference: 12
Summary

Binance Futures said it will delist and auto-settle six USDⓈ-M perpetual contracts on April 28 and 29. B3USDT, DEGENUSDT, and BOBUSDT will close on April 28 at 17:00 UTC+8, while ZKJUSDT, IRUSDT, and DAMUSDT will close on April 29 at 17:00 UTC+8. New positions for each affected contract will be disabled 30 minutes before the corresponding settlement time.

Terms & Concepts
  • USDⓈ-M perpetual contracts: Crypto derivatives with no expiry that are margined and settled in stablecoins such as USDT, allowing leveraged exposure without holding the underlying asset.
  • Auto-settlement: A process in which an exchange automatically closes open contract positions at a final settlement stage, usually before delisting or contract termination.
  • Delisting: The removal of a trading product from an exchange, after which users can no longer open or trade that contract on the platform.