- Binance announced it has decided to delist the PONKE·SWELL·QUICK perpetual futures products.
- All positions will be automatically settled by 9:00 on the 28th (UTC), after which the products will be delisted.
- Binance mentioned the possibility of unexpected losses and recommended that investors close their positions in advance.
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Global crypto exchange Binance will delist the perpetual futures for PONKE, Swell Network (SWELL), and QuickSwap (QUICK).
According to Binance on the 24th (local time), the USDⓈ-M based PONKEUSDT·SWELLUSDT·QUICKUSDT perpetual futures will have all positions automatically settled on the 28th at 9:00 (UTC; 18:00 KST on the 28th), and the products will be removed after settlement ends. Users can close their positions manually before the delisting time.
From 8:30 (UTC) on the 28th, 30 minutes before the delisting, opening new positions will be restricted. Binance warned, "unexpected losses may occur during the automatic settlement process," and recommended closing positions in advance.
