Binance has announced the upcoming delisting of the LEVERUSDT perpetual contract on its Futures platform. The decision follows a scheduled settlement on September 3rd, 2025 at 9:00 UTC (GMT). Positions will be automatically settled at this time, and the contract will then be delisted. Users are urged to close all open positions before the delisting deadline to avoid automatic liquidation. Starting September 3rd at 8:30 UTC, new positions cannot be opened for this contract. Notably, during the final hour leading up to settlement, the Futures Insurance Fund will not support liquidation processes. Any triggered liquidations during this period will be executed as single Immediate or Cancel (IOCO) orders, which will then be offloaded into the market at once. If these IOCO orders fulfill the requirement of reducing positions to meet Maintenance Margin, liquidation will cease. However, if the IOCO fails to fully resolve the position’s size, it will move to the Auto-Deleveraging (ADL) process for the remaining unfilled portion. Given the potential volatility in this final hour, users are advised to closely monitor and manage their open positions. Binance Futures reserves the right to implement additional safeguards to mitigate risks during extreme market fluctuations, including adjusting leverage limits, position values, and maintenance margins across all tiers, updating funding rates, modifying price index constituents, and utilizing the Last Price Protected mechanism for mark prices. Users are encouraged to stay informed about these potential adjustments and manage their positions accordingly.