{"id":19772,"date":"2024-05-06T17:00:47","date_gmt":"2024-05-06T17:00:47","guid":{"rendered":"https:\/\/coinengineer.io\/?p=19772"},"modified":"2024-05-06T15:38:00","modified_gmt":"2024-05-06T15:38:00","slug":"binance-delists-multiple-perpetual-futures-contracts","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/binance-delists-multiple-perpetual-futures-contracts\/","title":{"rendered":"Binance Delists Multiple Perpetual Futures Contracts"},"content":{"rendered":"<p>Users have been given a warning by <strong>Binance<\/strong> that the cryptocurrency exchange would delete many <a href=\"https:\/\/www.investopedia.com\/what-are-perpetual-futures-7494870#:~:text=Perpetual%20futures%2C%20also%20known%20as,futures%20can%20be%20held%20indefinitely.\">perpetual futures<\/a> contracts from its listing.<\/p>\n<p>It has been announced by the platform that STP, Status, MovieBlock, Radworks, and Convex contracts will be removed from use. This change is a preventative action that is intended to improve trade security and bring it into alignment with the conditions of the market.<\/p>\n<p>Those who trade the listed contracts are strongly encouraged to examine their trading techniques in order to prevent the possibility of liquidating their positions. In particular, this pertains to the process of setting leverage.<\/p>\n<p>Following the implementation of the upgrade, which is scheduled to take place on May 13, <strong>Binance<\/strong> will make it impossible to establish new positions on contracts for STPTUSDT, SNTUSDT, MBLUSDT, RADUSDT, and CVXUSDT.<\/p>\n<p>In addition, <strong>Binance<\/strong> Futures Trading retains the authority to implement additional safeguards without providing previous notification. These adjustments include modifications to the leverage limit, position values, maintenance margins for a variety of levels, and any other adjustments that may be necessary.<\/p>\n<p>According to news that is related to <strong>Binance<\/strong>, on April 30, a court in the United States handed down a sentence of <a href=\"https:\/\/coinengineer.net\/blog\/binance-founder-cz-sentenced-to-four-months-in-prison\/\">four months in prison to Changpeng Zhao,<\/a> the creator of the exchange, for his role in money laundering and other unlawful actions.<\/p>\n<p>At first glance, the sentencing appeared to be more lenient than anticipated. In the beginning, it was presumed that the verdict about Changpeng Zhao would be revealed on February 23rd; nevertheless, the hearing was delayed for more than two months. The former head of <strong>Binance<\/strong> was asked to serve a sentence of 36 months in prison by the prosecution.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Users have been given a warning by Binance that the cryptocurrency exchange would delete many perpetual futures contracts from its listing. It has been announced by the platform that STP, Status, MovieBlock, Radworks, and Convex contracts will be removed from use. This change is a preventative action that is intended to improve trade security and<\/p>\n","protected":false},"author":6,"featured_media":19777,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11,2],"tags":[22,1515,2295],"class_list":["post-19772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exchange-news","category-news","tag-binance","tag-binance-delist","tag-binance-delisting"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Binance Delists Multiple Perpetual Futures Contracts - Coin Engineer<\/title>\n<meta name=\"description\" content=\"Binance delists 5 crypto futures contracts (STPT, SNT, MBL, RAD, CVX) to improve trade security. 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