Binance Futures, a leading cryptocurrency derivatives exchange, has announced the delisting of several cryptocurrencies from its platform. This move is part of the exchange's ongoing efforts to maintain the integrity and efficiency of its trading offerings.

The affected perpetual contracts include STPTUSDT, SNTUSDT, MBLUSDT, RADUSDT, and CVXUSDT. The delisting process will involve the closure of all positions and the initiation of automatic settlement procedures. The delisting and settlement will occur on different dates for each contract, with STPTUSDT, SNTUSDT, and MBLUSDT scheduled to close on May 13, and RADUSDT and CVXUSDT on May 14.

Alongside the delisting, Binance Futures will also implement adjustments to leverage and margin tiers for the affected perpetual contracts. These changes are set to take effect on May 6 and will impact existing positions opened before the update. Users are advised to proactively adjust their positions and leverage to mitigate any potential risks of liquidation.

To assist users, Binance Futures will provide detailed tables outlining the specific adjustments to leverage and margin tiers. By aligning leverage and margin requirements with market conditions, the exchange aims to uphold the stability and resilience of its trading ecosystem while safeguarding the interests of its users.

Binance Futures has also issued important recommendations and precautionary measures for its users. Users are advised to close any open positions associated with the delisted contracts prior to the specified delisting time to avoid automatic settlement and potential unintended consequences. Furthermore, users will be restricted from opening new positions for the affected contracts starting from specific dates.

Binance Futures reserves the right to implement additional protective measures as deemed necessary, including adjustments to leverage limits, position values, and maintenance margins, as well as updates to funding rates and price index constituents. These measures are designed to ensure the continued stability and security of the exchange's trading platform.