Binance delists three perpetual futures: PONKE, SWELL, QUICK
Minseung Kang
Summary
- 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.
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.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.