Binance will adjust position limits for BITOUSDT perpetual contracts on November 19.
TechFlow reports that on Nov 10, according to a Binance announcement, due to a reverse stock split of the underlying asset ProShares Bitcoin ETF (BITO), Binance Contracts will begin adjusting the quantity of the BITOUSDT U-Margined Perpetual Contract on Nov 19 at 09:00 Beijing Time, expected to complete by 11:30, with an adjustment coefficient of 0.5.During the adjustment period, contract trading, position closing, order placement, and liquidation functions will be suspended, and existing orders will be canceled; positions will be closed beforehand and re-established after the adjustment. A cancellation-only phase lasting up to 5 minutes will commence upon completion of the adjustment.Binance will also terminate strategy bots for this contract and automatically close positions at 08:45 Beijing Time; related positions will not be restored after the adjustment.
TechFlow reports that on Nov 10, according to a Binance announcement, due to a reverse stock split of the underlying asset ProShares Bitcoin ETF (BITO), Binance Contracts will begin adjusting the quantity of the BITOUSDT U-Margined Perpetual Contract on Nov 19 at 09:00 Beijing Time, expected to complete by 11:30, with an adjustment coefficient of 0.5.
During the adjustment period, contract trading, position closing, order placement, and liquidation functions will be suspended, and existing orders will be canceled; positions will be closed beforehand and re-established after the adjustment. A cancellation-only phase lasting up to 5 minutes will commence upon completion of the adjustment.
Binance will also terminate strategy bots for this contract and automatically close positions at 08:45 Beijing Time; related positions will not be restored after the adjustment.
