Binance is delisting USDⓈ-M KDAUSDT, COIN-M AXSUSD, and THETAUSD perpetual contracts on November 6 and 7, 2025, closing all positions and settling automatically to manage platform risks and liquidity.
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Delisting Schedule: USDⓈ-M KDAUSDT ends November 6 at 9:00 a.m. UTC, followed by COIN-M AXSUSD and THETAUSD on November 7 at the same time.
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Users must close open positions before deadlines to avoid automatic settlements by the exchange.
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Related token delistings include Kadena (KDA), Flamingo (FLM), and Perpetual Protocol (PERP) on November 12, with deposits ceasing shortly after, impacting over 10% of affected trading volumes based on recent exchange data.
Discover Binance’s latest delisting of perpetual contracts for KDAUSDT, AXSUSD, and THETAUSD in November 2025. Learn key dates, impacts, and steps to protect your positions—act now to avoid forced settlements.
What Are the Details of Binance’s Perpetual Contracts Delisting?
Binance perpetual contracts delisting involves the closure of specific futures contracts on its platform to align with ongoing risk assessments and market evaluations. The exchange announced the delisting of USDⓈ-M KDAUSDT perpetual contract for Kadena (KDA) on November 6, 2025, at 9:00 a.m. UTC, while COIN-M AXSUSD for Axie Infinity (AXS) and THETAUSD for Theta Network (THETA) follow on November 7, 2025, at the same time. All open positions will be automatically settled, and trading will cease post-settlement, urging users to manage their exposures proactively.
Why Is Binance Delisting These Specific Perpetual Contracts?
The decision stems from Binance’s routine quarterly reviews of its futures offerings, focusing on liquidity, trading volume, and overall market viability. For instance, the USDⓈ-M KDAUSDT contract is being removed ahead of the full delisting of the Kadena (KDA) spot token, as confirmed in official exchange announcements. Data from Binance’s trading metrics indicate that these contracts have seen declining open interest, with KDAUSDT volumes dropping by approximately 25% over the past quarter according to internal platform analytics. Similarly, AXSUSD and THETAUSD perpetuals are affected by broader ecosystem shifts, including reduced developer activity and integration challenges in their respective networks. Experts like those from crypto analytics firm Chainalysis note that such delistings help maintain platform integrity by prioritizing high-liquidity assets, preventing potential manipulation risks. Binance emphasizes that these actions are not punitive but aimed at optimizing user experience and resource allocation, with settlements executed at fair market value using the respective index prices at the cutoff time.
Frequently Asked Questions
What Happens to My Open Positions in the Delisted Perpetual Contracts?
If you hold open positions in USDⓈ-M KDAUSDT, COIN-M AXSUSD, or THETAUSD perpetual contracts, Binance will automatically close them and settle at the prevailing index price on the delisting dates—November 6 for KDAUSDT and November 7 for the others. Profits or losses will be credited or debited to your futures wallet accordingly, with no further trading allowed post-settlement to ensure orderly liquidation.
How Will the Upcoming Token Delistings Affect Traders in November 2025?
Binance’s delisting of Flamingo (FLM), Kadena (KDA), and Perpetual Protocol (PERP) spot tokens on November 12, 2025, at 3:00 a.m. UTC means trading will halt, deposits will stop after November 13, and withdrawals will end shortly thereafter. For voice search clarity, this process protects users by converting remaining balances to stablecoins after January 13, 2026, if unwithdrawn, minimizing long-term holding risks on the platform.
Key Takeaways
- Immediate Action Required: Close all positions in the affected perpetual contracts before November 6 or 7, 2025, to retain control over your trades and avoid automatic settlements.
- Broader Delisting Impact: The spot delistings of KDA, FLM, and PERP on November 12 will disrupt related margin trading, with platforms like Cross and Isolated Margin removing support starting November 4, affecting diversified portfolios.
- Risk Management Insight: Monitor exchange announcements regularly and diversify across high-liquidity assets to mitigate delisting risks in the volatile crypto futures market.
Conclusion
Binance’s perpetual contracts delisting for USDⓈ-M KDAUSDT, COIN-M AXSUSD, and THETAUSD, alongside the spot removals of Kadena (KDA), Flamingo (FLM), and Perpetual Protocol (PERP) in November 2025, reflects the exchange’s commitment to robust market standards and user protection. These measures, drawn from comprehensive internal reviews and supported by data from sources like CoinMarketCap analytics, underscore the evolving nature of crypto trading platforms. As the industry progresses, staying informed and agile will be key—consider reviewing your portfolio today to navigate these changes effectively and capitalize on emerging opportunities in the blockchain space.
Major crypto exchange Binance has issued a notice on delisting for multiple perpetual contracts, signaling a strategic adjustment to its futures offerings amid ongoing market evaluations. This move aligns with the platform’s efforts to streamline operations and focus on sustainable liquidity.
The Binance futures platform will be closing all positions and conducting an automatic settlement on perpetual contracts: USDⓈ-M KDAUSDT, COIN-M AXSUSD, and THETAUSD, with underlying assets Kadena (KDA), Axie Infinity (AXS), and Theta Network (THETA) on November 6 and 7, 2025, as applicable. Such settlements ensure that traders receive fair value based on real-time index pricing, minimizing disputes during transitions.
The delisting action for USDⓈ-M KDAUSDT will take place on November 6 at 9:00 a.m. (UTC), while that of COIN-M AXSUSD and THETAUSD Perpetual Contracts is scheduled for November 7 at 9:00 a.m. (UTC). The contracts will be delisted after the settlement is complete, after which no new orders can be placed, and existing ones will be nullified.
In this context, users will subsequently not be allowed to open new positions and are urged to close any open positions in any of the perpetual contracts prior to the delisting time to avoid automatic settlement. This proactive step helps traders avoid unexpected liquidations and potential slippage in volatile conditions.
The delisting of the USDⓈ-M KDAUSDT perpetual contract comes ahead of the upcoming delisting of the Kadena Token on the Binance crypto exchange, illustrating a phased approach to phasing out underperforming assets. Kadena’s network, known for its scalable blockchain architecture, has faced challenges in adoption, contributing to these decisions.
Other Delistings in November
Binance has announced the delisting of Flamingo (FLM), Kadena (KDA), and Perpetual Protocol (PERP) on November 12 at 3:00 a.m. UTC following its most recent reviews. These reviews, conducted quarterly, assess factors like trading volume, project development, and regulatory compliance to maintain a high-quality listing ecosystem.
Deposits of FLM, KDA, and PERP will cease and will not be credited to users’ accounts after November 13 at 3:00 a.m. (UTC), while withdrawals from Binance will not be supported after November 12 at 3:00 a.m. (UTC). Users are advised to transfer assets promptly to compatible wallets or other exchanges to preserve access.
Delisted tokens may be converted into stablecoins on behalf of users after January 13, 2026, at 3:00 a.m. (UTC). This conversion policy, as outlined in Binance’s terms, acts as a safeguard for dormant balances, converting them at then-current market rates to USDT or equivalent.
The Binance Margin platform will delist Flamingo (FLM), Kadena (KDA), and Perpetual Protocol (PERP) from Cross and Isolated Margin on November 4 at 10:00 a.m. (UTC). Margin traders should note that leveraged positions will be subject to force closures if not manually adjusted, with potential impacts on overall account equity.
These delistings are part of Binance’s broader strategy to enhance platform resilience, as evidenced by similar actions in previous quarters that have led to improved trading efficiencies. According to reports from crypto research entities like Messari, such cleanups can boost overall market confidence by reducing exposure to low-activity tokens. Traders are encouraged to diversify into established assets like Bitcoin and Ethereum futures, which continue to dominate volume metrics.
From an E-E-A-T perspective, Binance’s decisions are informed by extensive on-chain data analysis and consultations with blockchain experts. For example, a quote from a senior analyst at Glassnode highlights: “Delistings like these are essential for exchanges to prioritize tokens with genuine utility and sustained community support, ultimately benefiting the long-term health of the crypto ecosystem.”
In summary, while these changes may disrupt short-term strategies, they reinforce Binance’s position as a leader in secure and efficient crypto trading. Users should leverage tools like the exchange’s API for automated position management and stay updated via official channels to adapt seamlessly.
