Binance Delists DEFIUSDT and MEMEFI Perpetual Contracts: Act Before August 11

I have learned that Binance Futures has announced the delisting of DEFIUSDT and MEMEFI perpetual contracts settled in U on August 11th at 17:00 UTC+8. Binance recommends users close their positions in advance to avoid automatic liquidation. This move by Binance could be part of their ongoing effort to ensure platform security and manage risk associated with volatile DeFi tokens. For traders involved with DEFIUSDT and MEMEFI, this development signals the need to react quickly and close positions before the specified deadline to prevent potential losses due to forced liquidations. It also reflects Binance's proactive approach in reducing exposure to less stable or riskier DeFi projects. Investors should pay close attention to such delisting announcements, especially in the fast-changing landscape of DeFi tokens and perpetual contracts. These decisions often lead to increased trading activity as traders rush to exit positions, which can temporarily increase volatility. Moreover, it highlights the importance of staying updated with exchange notices and risk management practices when engaging in derivatives trading, particularly with emerging tokens.