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Binance to Liquidate DEFIUSDT and MEMEFI U Perpetual Contracts on August 11, 2025

Binance Futures will automatically settle and delist USDⓈ-M DEFIUSDT and MEMEFI perpetual contracts at 09:00 UTC on August 11, 2025, urging users to close positions by 08:30 UTC to avoid automatic settlement.

Summary

Binance announced that Binance Futures will automatically settle and delist its USDⓈ-M DEFIUSDT and MEMEFI perpetual contracts at 09:00 UTC on August 11, 2025. Users are advised to close open positions by 08:30 UTC to avoid automatic settlement, with the final hour featuring a single IOCO execution and potential auto-deleveraging if margin requirements are not met.

Terms & Concepts
  • USDⓈ-M: Contracts margined in USDT on Binance Futures, requiring stablecoin collateral for settlement.
  • IOCO: An Immediate or Cancel order that executes available volume instantly and cancels the remaining portion.
  • Auto-Deleveraging (ADL): A process that automatically reduces positions if the available margin is insufficient during volatile market conditions.