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ALPHA Jumps Over 60% Following Binance Delisting Announcement

ALPHA Jumps Over 60% Following Binance Delisting Announcement

Binance confirmed it will settle and delist the ALPHAUSDT perpetual contract at 17:00 Beijing time on September 23, 2025, urging traders to manage open positions before settlement begins.

Summary

Binance announced it will automatically settle and delist the USDⓈ-M ALPHAUSDT perpetual contract at 17:00 Beijing time (09:00 UTC) on September 23, 2025. Users must close positions ahead of settlement, after which opening new positions will be disabled. This confirms Binance’s final timeline for removing the contract from its platform.

Terms & Concepts
  • USDT-margined perpetual contract: A type of cryptocurrency derivatives contract settled in Tether (USDT) that allows continuous trading without an expiration date.
  • Settlement: The process of finalizing open positions in a contract by calculating and transferring the net profit or loss to users’ accounts.
  • Delisting: The removal of a trading pair or product from an exchange, ending its availability for trading on that platform.