Binance is delisting the Port3 Futures Contract.

The world's largest cryptocurrency exchange, Binance, recently announced the delisting of a futures contract for an altcoin. The Port3 (PORT3) perpetual futures contract for Tether (USDT) will be delisted on November 23, 2025. On this date, all open positions will be automatically closed, and the trading process will be completely terminated.

In its official statement, Binance emphasized that users should close their positions by the specified date at 09:30 TRT to avoid potential risks. Additionally, the ability to open new positions for the PORT3/USDT contract will be disabled starting at 09:00 TRT. Binance recommended that users carefully monitor their open positions during this process.

The exchange stated that the Futures Insurance Fund would not be utilized during the closing process, and liquidations during this period would only be conducted through a one-time Immediate or Cancel Order (IOCO). If these transactions do not decrease to sufficient levels, the remaining portions will be closed through Auto Deleveraging (ADL) processes.

Binance also reported that it may take additional security measures against highly volatile market conditions. These measures may include adjustments to the maximum leverage ratio, updates to maintenance margins, and changes to funding rates. Users should consider the risks of high volatility and low liquidity during this process.

According to CoinGecko data, Port3 (PORT3) suffered an attack over the past weekend, resulting in the issuance of billions of tokens by a hacker, leading to a price drop of 100%, effectively bringing the price to zero. Users should take these developments into account when making investment decisions and pay attention to the dates specified by the exchange.