Binance, the world’s largest cryptocurrency alternate, began the day with an altcoin announcement.
At this level, Binance introduced that it’ll delist the altcoin REEF from futures.
“Binance Futures will shut all positions within the REEF/USDT perpetual contract and carry out an computerized settlement on 2025-01-22 09:00 (UTC). As soon as the settlement is full, the REEF/USDT contract will likely be delisted.
Customers are suggested to shut open positions earlier than the alternate exit time to keep away from computerized closing.
Customers is not going to be allowed to open new positions for the REEF/USDT contract as of 2025-01-22 08:30 (UTC).”
After the Binance announcement, REEF worth dropped by 15%.
*This isn’t funding recommendation.
