BlockBeats reported that on May 6, Binance Futures will close all positions and automatically settle USDⓈ-M STPTUSDT, SNTUSDT, MBLUSDT USDⓈ-M perpetual contracts and RADUSDT, CVXUSDT USDⓈ-M perpetual contracts at 09:00 (UTC) on May 13, 2024, and will take effect at 09:00 (UTC) on May 14, 2024. After the settlement is completed, the contract will be delisted.
In addition, Binance Futures will adjust the leverage and margin levels of USDⓈ-M STPTUSDT, SNTUSDT, MBLUSDT, RADUSDT and CVXUSDT perpetual contracts at 10:30 (UTC) on May 6, 2024, and existing positions opened before the update will be affected. It is strongly recommended to adjust positions and leverage before making adjustments to avoid potential liquidation.