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Binance Futures announced that it will terminate futures contracts for two popular altcoins, GMT (STEPN) and DOGS, effective October 28, 2025. According to the company’s statement, the COIN-M GMTUSD and DOGSUSD Perpetual Contracts will be automatically settled at 12:00 on October 28, 2025, after which they will be delisted from the platform.
Official Binance Statement: “Automatic Settlement Will Be Executed”
In its announcement, Binance Futures stated that all open positions will be automatically closed on October 28 and the contracts will be terminated following settlement. With this process, leveraged trading for these contracts will end. Binance advised users to close their positions in advance to avoid risks related to liquidation or price volatility.
Unexpected Price Surge
Following the announcement, both GMT and DOGS tokens experienced a short-term price rally as investors shifted toward the spot market:
- GMT rose by up to 6%, reaching around $0.02,
- DOGS jumped by 9%, testing the $0.00006 level.
Analysts attribute this movement to increased short-term liquidity and off-exchange buying activity following the closure of futures positions.
Market Experts Weigh In
Experts say Binance’s decision is part of its liquidity management strategy. In the past, closing contracts with low trading volumes has often led to short-term volatility in the spot market. However, in the medium term, such measures tend to reduce volatility in the futures market and make the ecosystem more stable overall.
Binance Futures’ decision to end the GMT and DOGS contracts on October 28 is viewed as a routine step within the platform’s risk-management policies. Still, investor reactions in the spot market caused both tokens to see a short-term price increase. Analysts emphasize that this surge is likely a temporary speculative reaction, and they expect the market to stabilize again in the medium term.
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