Binance has restricted new orders in PTBUSDT and MITOUSDT since Wednesday, ahead of scheduled settlements for both contracts on Friday.
The exchange’s schedule calls for automatic settlement of open positions at 5 a.m. ET (09:00 UTC) Friday, Oct. 23. Binance will remove both contracts after settlement is complete.
Binance began restricting new orders in both contracts at 5:30 a.m. ET (09:30 UTC) Wednesday, Oct. 21. The restriction applies to new orders that are not designated reduce-only. Binance said some market makers may be exempt to help maintain liquidity.
