Cryptocurrency exchange giant Binance announced that it will delist its MANAUSD and EGLDUSD perpetual contracts, which are among its COIN-M futures products, on November 13, 2025. According to the statement, all open positions will be automatically closed on this date, and the contracts in question will be delisted.
According to Binance's official announcement, users will be able to terminate their trades in these contracts as of 12:00 PM CEST on November 13. Once the delisting process is complete, the COIN-M MANAUSD and EGLDUSD contracts will be completely removed from the platform.
The exchange advised investors to manually close their open positions before this date. It will no longer be possible to open new positions in these contracts as of 11:30 AM CEST on November 13.
Automatic liquidation process and risk warning
Binance stated that the Futures Insurance Fund will not support liquidations in the last hour before the delisting process. Liquidations occurring during this time period will be transferred to the market in a single transaction called an "Immediate or Cancel Order" (IOCO). Following the IOCO order, liquidations will be suspended for users whose account balance is sufficient to cover the required maintenance margin. However, if the balance remains insufficient, remaining positions will be automatically closed using the Auto-Deleveraging (ADL) mechanism.
Binance emphasized that this period may coincide with a period of intense volatility and low liquidity, and that users should actively monitor their positions. COIN-M contracts, in particular, are leveraged products in the futures market, increasing the risks of sudden price fluctuations.
Additional protection measures may be implemented
The exchange also stated that it may implement additional measures to protect investors during extremely volatile market conditions. These measures include updating the maximum leverage ratio, position sizes, and maintenance margins, adjusting funding rates (interest, premium, and upper limit), changing the assets used in the price index, and implementing the "Last Price Protected" mechanism.
How might MANA and EGLD prices be affected?
Short-term price volatility is often observed in assets removed from Binance's futures products. The MANA (Decentraland) and EGLD (MultiversX) communities may experience a short-term volume decrease following this announcement. However, this decision will not directly impact spot market trading; it only covers COIN-M (coin-backed) futures.
In recent months, Binance has been periodically removing certain futures pairs from its platform that have low trading volume or require technical restructuring. This move is a frequently used method to improve liquidity management and maintain market stability.
In short, the MANAUSD and EGLDUSD COIN-M contracts on Binance Futures will expire on November 13, 2025. It is important for users to close their positions before this date to prevent losses that may arise from automatic liquidations. At the time of writing, MANA is trading at $0.21582161, up 2 percent, while EGLD is trading at $9.07, up 8 percent.
