Binance is delisting the Port3 Futures Contract.

The world's largest cryptocurrency exchange, Binance, recently announced that it will delist the futures contract of 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 the official announcement from Binance, it was emphasized that users should close their positions by 09:30 TR timezone on the specified date to avoid potential risks. Additionally, the ability to open new positions for the PORT3/USDT contract will be disabled starting from 09:00 TR timezone. Binance recommended that users carefully monitor their open positions during this process.

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

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

According to CoinGecko data, Port3 (PORT3), which was attacked over the past weekend, experienced a 100% drop in price, virtually hitting zero due to billions of tokens being minted by a hacker. Users should consider these developments when making investment decisions and pay attention to the dates specified by the exchange.