Binance Futures Removes IPUSDT and IPUSDC Contracts: Complete Coverage and Trading Alternatives

Breaking News: Binance Announces Perpetual Contract Delisting

On June 25, 2026, Binance Futures delivered a significant announcement to the crypto derivatives community: the exchange will delist USDⓈ-Margined IPUSDT and IPUSDC Perpetual Contracts, with the removal taking effect on June 28, 2026. This development, rated A with an impact score of 70/100, directly impacts traders holding leveraged positions in IP token perpetual futures on the world's largest cryptocurrency exchange by trading volume. The two affected contracts — IPUSDT and IPUSDC — allowed traders to take long or short positions on the IP token using USDT and USDC respectively as margin. According to the official Binance support announcement, all open positions in these contracts needed to be closed before the delisting deadline, after which the exchange would automatically settle any remaining positions at the last traded market price. The three-day notice period gave affected traders a limited but critical window to manage their risk, calculate their exposure, and either close positions voluntarily or migrate their trading activity to alternative platforms. For traders seeking a new exchange with a robust perpetual futures offering, Backpack Exchange provides an excellent alternative — register with referral code luckybitcoin to unlock exclusive sign-up rewards.

Complete Delisting Timeline and What Traders Needed to Do

Binance followed its standard delisting protocol, which provides a structured timeline designed to minimize market disruption while giving traders sufficient opportunity to manage their positions. Here is the complete breakdown of events and required trader actions:

• June 25, 2026 (17:00 UTC): Binance published the official delisting announcement on its support portal. Simultaneously, the exchange suspended the opening of new positions in IPUSDT and IPUSDC perpetual contracts, though existing positions could still be closed.
• June 26, 2026: A full trading day during which affected traders were expected to assess their portfolios, review their risk exposure, and begin the process of voluntarily closing their IP perpetual contract positions at their preferred price levels.
• June 27, 2026: Binance disabled margin borrowing for the IP token, preventing traders from increasing their leveraged exposure. Funding rate settlements continued on their normal schedule, affecting the cost of holding positions through the grace period.
• June 28, 2026 (settlement): At the designated settlement time, Binance automatically closed all remaining open IPUSDT and IPUSDC positions at the last traded price. The resulting profit or loss was credited or debited to each trader's USDⓈ-M futures wallet.

Traders who failed to act within this window faced forced settlement at a price they could not control. Binance emphasized that users should monitor their margin ratios closely during the grace period, as adverse price movements could trigger liquidation before the automatic settlement, potentially resulting in greater losses than if positions had been closed voluntarily. The exchange also reminded users that post-settlement, any remaining margin would be available for withdrawal or redeployment into other futures contracts.

Impact on BNB, IP Token, and the Stablecoin Landscape

The delisting of IPUSDT and IPUSDC perpetual contracts has multi-layered implications across the cryptocurrency ecosystem. For the IP token itself, the removal of its perpetual futures from Binance represents a reduction in accessible leverage and trading venues, which could lead to decreased price discovery efficiency and reduced overall market interest. While IP spot trading on Binance remains unaffected, the loss of futures trading opportunities on the world's largest derivatives exchange is a notable setback for the token's market presence. For BNB, the native token of the Binance ecosystem, the impact is more nuanced. The delisting demonstrates Binance's commitment to maintaining rigorous quality standards across its futures platform, which reinforces confidence in the overall ecosystem. Historically, BNB has shown resilience during similar contract delistings, as the market interprets these actions as evidence of responsible platform management rather than signs of weakness. The stablecoin landscape is also affected, as both USDT and USDC served as margin currencies for the delisted contracts. While the reduction in USDT and USDC-margined perpetual pairs on Binance is marginal given the exchange's vast contract offerings, it does redirect some trading volume to competing platforms. This is where Backpack Exchange enters the picture as a compelling alternative, offering a modern trading infrastructure and a growing selection of perpetual contracts. Using referral code luckybitcoin during registration unlocks exclusive benefits for new users transitioning from Binance.

Why Exchanges Delist Perpetual Contracts: A Deep Dive

Understanding why Binance and other major exchanges delist perpetual contracts requires examining the economic and operational factors that govern derivatives platforms. Exchanges list perpetual contracts to generate trading fee revenue, attract user activity, and provide comprehensive market coverage. However, maintaining each listed contract incurs operational costs, including server infrastructure, risk management systems, customer support resources, and regulatory compliance overhead. When a contract fails to generate sufficient trading volume and open interest to justify these costs, it becomes a financial liability for the exchange. Additionally, low-liquidity contracts pose significant risks to traders, including wider bid-ask spreads, higher slippage on large orders, increased susceptibility to market manipulation, and potentially disorderly liquidations during volatile periods. Binance's delisting criteria typically include sustained trading volume below a defined threshold, open interest that fails to meet minimum requirements, inadequate order book depth, and any regulatory concerns that may arise in key operating jurisdictions. The exchange conducts these reviews on a regular basis, removing contracts that no longer meet its standards to protect users and optimize its product portfolio. This proactive approach is industry best practice, with exchanges like Backpack also implementing similar quality control measures to ensure their listed contracts provide fair and efficient trading conditions for all users.

How to Trade on Backpack

If you are looking for a new exchange to continue your perpetual futures trading after the Binance delisting, Backpack offers a modern, secure, and user-friendly platform. Here is a step-by-step guide to get started:

1. Create your account: Visit Backpack Exchange and sign up using your email address. Enter referral code luckybitcoin during the registration process to unlock exclusive sign-up rewards and trading benefits.
2. Set up security: Enable two-factor authentication (2FA) using an authenticator app to secure your account. Backpack also supports passkey authentication for enhanced security and convenience.
3. Complete identity verification: Submit your identity documents to complete KYC verification. This step is required to access the full range of trading features and higher withdrawal limits.
4. Deposit funds: Navigate to the deposit page and transfer USDT, USDC, or other supported cryptocurrencies to your Backpack account. Backpack supports deposits across multiple blockchain networks including Solana, Ethereum, and others.
5. Access the perpetuals market: Click on the "Trade" or "Perpetuals" section in the navigation menu. Backpack offers a range of perpetual contract pairs with competitive leverage options.
6. Choose your pair and configure: Select your desired trading pair, set your leverage level, choose between cross and isolated margin modes, and review the contract specifications including funding rates and maximum position sizes.
7. Place your order: Use Backpack's intuitive order entry panel to place limit, market, or advanced order types. Always set stop-loss and take-profit levels to manage your risk effectively.
8. Monitor and manage: Use Backpack's real-time charts, position tracker, and portfolio overview to monitor your trades. The platform's clean interface makes it easy to manage multiple positions simultaneously.

Backpack is built on modern infrastructure with a focus on speed, security, and user experience. The exchange's native mobile app also allows for on-the-go trading, making it a versatile choice for active perpetual futures traders.

Frequently Asked Questions

What exactly did Binance delist?

Binance delisted two USDⓈ-Margined perpetual futures contracts: IPUSDT and IPUSDC. These contracts allowed traders to take leveraged positions on the IP token using USDT or USDC as margin. The delisting only affects these specific futures contracts, not the IP spot trading pairs on Binance's main exchange.

What was the deadline for closing positions?

The deadline for closing IPUSDT and IPUSDC perpetual contract positions was June 28, 2026. Binance announced the delisting on June 25, 2026, giving traders a three-day window to voluntarily close their positions before automatic settlement occurred.

What happened if I did not close my position before the deadline?

If you did not close your position before the June 28 deadline, Binance automatically closed it at the last traded price and settled the resulting profit or loss to your futures wallet. You had no control over the final settlement price, which could have resulted in unfavorable execution compared to voluntary closure.

Is the IP token being delisted from Binance entirely?

No, only the perpetual futures contracts for IP (IPUSDT and IPUSDC) were delisted from Binance Futures. The IP token's spot trading pairs on Binance's main exchange remain active. However, the delisting of futures contracts may impact overall market sentiment and price discovery for the IP token.

Where can I trade perpetual futures as an alternative to Binance?

Several exchanges offer perpetual futures trading. Backpack Exchange is a modern, secure platform with competitive fees and a growing selection of contract pairs. Register with referral code luckybitcoin to receive exclusive sign-up rewards. Other alternatives include Bybit, OKX, and Bitget, each with their own unique features and contract offerings.

How can I stay informed about future delistings?

To stay informed, regularly check the official announcements pages of exchanges where you hold positions, enable push notifications or email alerts for exchange announcements, follow official exchange social media accounts, and consider using a crypto news aggregator that tracks exchange announcements in real time.

Key Takeaways

• Delisting confirmed: Binance Futures removed IPUSDT and IPUSDC perpetual contracts on June 28, 2026, following a three-day notice period that began on June 25, 2026.
• Automatic settlement applied: Positions not voluntarily closed by the deadline were automatically settled at the last traded price, with no trader control over the execution price.
• Spot trading preserved: The delisting affects only Binance Futures perpetual contracts, not IP spot trading pairs on the main exchange.
• Quality control in action: The delisting reflects Binance's ongoing commitment to maintaining high liquidity and quality standards across its futures platform, which ultimately benefits the broader ecosystem including BNB.
• Backpack as a strong alternative: Backpack Exchange offers a modern, secure trading platform with competitive perpetual futures offerings. Register with referral code luckybitcoin to unlock exclusive rewards and start trading today.
• Diversification is essential: The delisting underscores the importance of maintaining trading accounts across multiple exchanges to ensure uninterrupted access to perpetual futures markets and to mitigate platform-specific risks.