Haciyev Reşit 
Binance Futures has announced that it will remove several USDⓢ-M perpetual contracts from the platform as part of its effort to adjust product offerings and strengthen liquidity structures. According to the announcement, the XCNUSDT, FLMUSDT, and PERPUSDT USDⓢ-M Perpetual Contracts will be fully delisted on November 21, 2025, at 09:00 PM, and all existing positions will be automatically settled.
This process is seen as part of Binance’s regular market optimization efforts within the futures segment. In particular, removing contracts with low liquidity aims to create a more stable and efficient trading environment.
Positions Will Be Automatically Settled
At the specified time, the system will automatically close all open positions in the affected contracts through settlement. Users will not need to take any additional action; however, since settlement prices will be determined based on market conditions at the time, this may pose certain risks. For this reason, Binance advises users who do not want their positions forcibly settled to close them manually beforehand.
Once settlement is complete, the following contracts will be permanently removed from the platform:
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XCNUSDT USDⓢ-M Perpetual Contract
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FLMUSDT USDⓢ-M Perpetual Contract
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PERPUSDT USDⓢ-M Perpetual Contract
New Position Openings Have Been Disabled
As of November 21, 2025, at 08:30 AM, opening new positions in these contracts has been disabled. From this point on, users can only close or reduce their existing positions. This is considered a preventive measure to shield users from potential sudden price movements and liquidity reductions during the delisting process.
Although Binance did not directly state the reasons in its announcement, market experts note that such removals are typically associated with:
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low liquidity and weak open interest,
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declining user demand,
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inefficient funding rates and market imbalances,
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strengthened risk management compliance,
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simplifying the product portfolio to focus on stronger contracts.
Having too many low-volume contracts in the futures market can negatively impact overall market efficiency. For this reason, major exchanges like Binance regularly perform such cleanups.
What Does This Mean for Users?
This process introduces several important points users need to pay attention to:
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It is recommended to manually close existing positions to avoid forced settlement.
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Settlement prices may differ from expectations due to market volatility.
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The delisting may reduce futures market liquidity for the affected altcoins.
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Users with long-term trading strategies may need to reassess their risk management plans.
Binance Continues Strengthening Its Futures Ecosystem
Binance’s decision to remove these USDⓢ-M perpetual contracts appears aligned with its aim to build a stronger and more sustainable futures ecosystem. Improving liquidity quality and optimizing product offerings can help create a safer trading environment for both professional traders and individual users. More similar technical updates are expected in the future, making it important for users to closely follow Binance announcements.
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