According to the exchange's statement, USDⓈ‑M perpetual futures contracts on the HIFIUSDT and BAKEUSDT pairs will be automatically closed and liquidated at 12:00 on October 3, 2025. Following the completion of the liquidation process, the contracts in question will be completely removed from the platform.
To avoid inconvenience, Binance advised users to close their open positions before 11:30 AM on October 3, 2025. From this time onward, opening new positions in the relevant contracts will be prohibited. This will only allow existing trades to be liquidated.
Exchange officials stated that this decision was made based on market conditions and risk management requirements. As with similar delisting processes, Binance's technical team will automatically process all liquidations, eliminating any additional user action.
While HIFI and BAKE tokens will continue to be traded on the spot market, leveraged trading on these pairs will no longer be available to futures investors. Binance urged users to carefully assess risks and manage their positions promptly.
This move is considered part of Binance's regular updates to its futures products.
*This is not investment advice.