On November 3, 2025, Binance Futures announced the delisting of several USDⓈ-M Perpetual Contracts, effective November 21, 2025, as part of its ongoing risk management strategy, per Kanalcoin. The affected contracts include USDⓈ-M KDAUSDT, COIN-M AXSUSD, and COIN-M THETAUSD, tied to underlying assets Kadena (KDA), Axie Infinity (AXS), and Theta Network (THETA), per. This move aims to streamline low-liquidity contracts, ensuring a balanced trading environment without impacting major pairs like BTC or ETH, per. Positions will close automatically at 9:00 a.m. UTC on the delisting date, with settlements following,
The delistings are projected to cause temporary price fluctuations for the affected tokens in derivatives markets, but historical patterns indicate short-lived impacts, per. KDA, AXS, and THETA may see liquidity disruptions as traders close positions, but spot markets remain unaffected, per. Binance’s CEO Richard Teng has not commented directly, but the exchange emphasized maintaining market integrity through such optimizations, per. X posts from @BinanceFutures confirm no new positions can be opened after November 20, 2025, at 9:00 a.m. UTC.
These actions align with Binance’s routine portfolio reviews, targeting contracts with insufficient volume or requiring updates, per. Earlier in November, Binance delisted COIN-M MANAUSD and EGLDUSD on November 13, and USD-M XEM, ORBS, and LOOM on December 9, 2024, showing consistent efforts to enhance performance, per. The exchange has balanced delistings with new listings, such as Sudeng (HIPPO) and X Empire Perpetual Contracts, per. Analysts at Kanalcoin note these measures reduce risk while supporting long-term infrastructure.
The FOMC minutes (November 20) and Fed Chair Jerome Powell’s Jackson Hole speech (November 22) could sway sentiment, with an 85% chance of a 25 bps rate cut in December boosting risk assets, per CME FedWatch. Ethereum’s staking yield (4–5%) and tokenized infrastructure growth attract whales, per BeInCrypto, while Layer 2 upgrades like Fusaka (November 2025) enhance scalability, per CoinDCX. ETH could hit $5,500–$12,000 in 2025 if institutional inflows resume, per Tom Lee, but a sustained dip below $3,000 risks a bearish cycle, per. DeFi TVL at $167B provides a buffer, but NFT and DEX volume declines signal caution.
Traders should close positions before the deadlines to avoid automatic settlements, which could incur losses, per. Monitor affected tokens on CoinMarketCap for volatility, with KDA at $0.0191 (down 4.6%), AXS at $6.50 (down 3.2%), and THETA at $1.80 (down 2.8%) as of November 3, 2025, per. Diversify into stable assets like USDC or BTC ($113,234), with stop-losses below $112,000, per TradingView. Follow @TheBlock__ on X for updates. These delistings may signal a maturing futures market, but they pose minimal threat to overall crypto stability in 2025.
