On January 15, COINOTAG News reported a significant update from Binance Futures. The cryptocurrency exchange announced that it will initiate an auto-deleverage event concerning the REEFUSDT U perpetual contract. Scheduled for January 22, 2025, at 17:00 (UTC+8), this event will lead to the delisting of the specified trading pair following the completion of the deleverage process.
In conjunction with this announcement, Binance Futures has also revised the leverage and margin tiers associated with the REEFUSDT U perpetual contract, which took effect on January 15, 2025, at 15:30 (UTC+8). Traders are advised to monitor their positions closely as these changes could impact their trading strategies and risk management approaches.
The proactive measures taken by Binance reflect ongoing efforts to maintain market integrity and ensure that all trading operations align with current market conditions. This development underscores the need for traders to stay informed about contract specifications.