Binance Will Adjust the BITOUSDT Perpetual Contract Size on November 19

TechFlow reported on November 10 that, according to a Binance announcement, due to a reverse stock split of the underlying asset ProShares Bitcoin ETF (BITO), Binance Futures will begin adjusting the BITOUSDT USDT-margined perpetual contract size at 09:00 Beijing Time on November 19, with completion expected at 11:30 and an adjustment factor of 0.5.

During the adjustment, contract trading, position closing, order placement, and liquidation functions will be suspended, and existing orders will be canceled; open positions will be closed beforehand and reopened after the adjustment. After the adjustment is complete, a cancel-only phase lasting up to 5 minutes will begin.

Binance will also terminate the strategy bots for this contract and automatically close positions at 08:45 Beijing Time; the related positions will not be restored after the adjustment.

Source: TechFlow