Haciyev Reşit 
Binance Futures has announced that it will terminate the PONKEUSDT, SWELLUSDT, and QUICKUSDT perpetual futures contracts as part of its risk management and product optimization framework. All positions in these contracts will be automatically closed and settled on 28 November 2025 at 09:00, after which the three contracts will be permanently delisted.
Why Is Binance Delisting These Contracts?
When removing specific futures contracts, Binance Futures typically evaluates several criteria:
- Low trading volume and weak user demand
- Insufficient liquidity and declining market depth
- Elevated risk due to high price volatility
- Product optimization and overall risk-reduction policies
For relatively new or highly volatile altcoins such as PONKE, SWELL, and QUICK, futures markets are sometimes unsustainable. For this reason, exchanges periodically discontinue contracts deemed risky.
What Should Users Do?
Binance strongly recommends that users close their open positions manually before the delisting date. During automatic liquidation:
- Positions are closed at the prevailing market price
- Unwanted slippage may occur
- Liquidation fees and settlement costs can increase
- Closure may happen at a less favorable price than traders intended
Therefore, manually closing positions before delisting is a safer approach, allowing traders to control costs and avoid unexpected price movements.
Possible Market Impact
Although removing futures contracts does not mean a ban on spot trading, it can still create short-term market fluctuations. As traders unwind or rebalance their positions:
- Trading volume may rise
- Prices may react sharply in both directions
- Some altcoins may experience temporary sell pressure
This is because users who close futures positions often reposition in the spot market, unwind hedges, or seek short-term opportunities, naturally increasing volatility. However, such effects are typically temporary. Since the delisting does not affect spot market support, prices and volumes usually return to normal once the adjustment period ends.
Overall Assessment
Delisting certain contracts is a routine risk management measure in the crypto derivatives market and is considered a standard practice across the industry. Removing products with low liquidity, declining interest, or reduced activity helps maintain platform stability and market integrity.
Such delist actions typically:
- Strengthen overall platform security
- Redirect liquidity toward healthier, higher-volume contracts
- Provide users with a more stable and lower-risk trading environment
Therefore, this delisting is not expected to pose any systemic risk to the broader market. Short-term volatility may occur—particularly in the spot and futures markets for PONKE, SWELL, and QUICK—but this usually subsides once a new equilibrium is established.
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