Binance Removes HIFI and BakeryToken Futures

The world's largest cryptocurrency exchange Binance has announced that it will remove futures trading for HIFI and BakeryToken from its platform, a move that has attracted investors' attention. According to the decision, the Tether (USDT) perpetual futures contracts for these two altcoins will be delisted on October 3, 2025. In the official statement made to users, it was stated that open positions would be automatically closed and trading would be completely terminated on this date.

It was emphasized that investors should close their positions by October 3, 12:00 PM (TRT) to minimize potential risks. Additionally, the ability to open new positions will be completely disabled as of 11:30 AM (TRT) on the same date. Binance advises users to closely monitor their open positions and announced that the Futures Insurance Fund would not be used in the final hour before the closing process, and any liquidations occurring during this time would be reflected in the market as a one-time ‘Immediate or Cancel Order (IOCO)'.

If the expected liquidation processes do not sufficiently reduce positions, they will be closed via the Auto-Deleveraging (ADL) process. Additionally, the exchange stated that it might take various security measures against highly volatile market conditions. These measures include changing maximum leverage ratios, updating maintenance margins, adjusting funding rates, and implementing protection mechanisms in mark price calculations.

Investors were reminded to consider the risks of high volatility and low liquidity during this period. Following the delisting announcement, the price of BakeryToken increased by 27%, and the price of HIFI increased by 16%. The critical dates and price levels that investors need to monitor are of great importance for their position-taking strategies.