Binance will close all positions and stop trading for the following futures pairs:

Contract Type Pair Delisting Date (Settlement at) New Position Opening Stops At

USDⓈ-M Perpetual KDAUSDT Nov 6, 2025 — 09:00 UTC Nov 6, 2025 — 08:30 UTC

COIN-M Perpetual AXSUSD Nov 7, 2025 — 09:00 UTC Nov 7, 2025 — 08:30 UTC

COIN-M Perpetual THETAUSD Nov 7, 2025 — 09:00 UTC Nov 7, 2025 — 08:30 UTC

✅ What You Need to Do

If you have any open positions in:

KDAUSDT (USDⓈ-M)

AXSUSD (COIN-M)

THETAUSD (COIN-M)

You should close your positions manually before the delisting time.

If you don’t close them, Binance will:

Automatically settle your position at the market price, which may not be favorable.

⚠️ Important Warning About Last Hour

During the final hour before delisting:

You cannot rely on the Insurance Fund to prevent liquidation.

If liquidation happens, Binance will try to close your position immediately (IOCO order).

If that still doesn’t fully close it → Auto-Deleveraging (ADL) can be triggered.

Volatility can be high and liquidity low → prices may move fast.

So it’s risky to hold until the final hour.

💡 Why Binance Does This

They usually delist contracts when:

Trading volume is low

Liquidity is weak

Risk of slippage / manipulation increases

This is a routine market maintenance action.

📝 Summary

Action Recommendation

Holding positions in affected pairs Close before delisting time ✅

Opening new positions No longer allowed before delisting ❌

Waiting until last hour Very risky due to forced liquidation system ⚠️

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