Binance to Erase ALPHA Futures by 2025, Triggers Auto-Liquidation Clock

Binance has announced the delisting of the USDⓈ-M ALPHAUSDT perpetual futures contract, scheduled for September 23, 2025. The exchange stated that all open positions in this contract will be closed and automatically liquidated by 12:00 PM on the specified date, after which the contract will be completely removed from the platform. To mitigate potential risks, users are advised to close their open positions prior to the delisting process and refrain from opening new ones after 11:30 AM.

The liquidation process has been outlined with specific details to ensure transparency. During the final hour before delisting, the Futures Insurance Fund will not be utilized for liquidations. Instead, any positions liquidated within this timeframe will be executed using the Immediate or Cancel Order (IOCO) method, ensuring that all liquidations are processed in a single market transaction. Furthermore, if users’ account balances fall below the required maintenance margin, the Auto-Deleveraging (ADL) mechanism will be triggered to close remaining positions. This mechanism is designed to protect users from significant losses during periods of high volatility and low liquidity.

Binance’s decision to delist the ALPHAUSDT contract is part of its broader strategy to ensure market security and minimize user risks. The exchange has emphasized that it may introduce additional protective measures in the event of extreme market volatility. These could include adjustments to maximum leverage, margin requirements, funding rates, and price indexes. By implementing such measures, Binance aims to enhance market stability and protect its users from potential systemic risks.

The delisting announcement is particularly relevant to the ALPHA (Alpha Finance Lab) token, which has been subject to various trading and liquidity dynamics on the platform. Historical liquidation data for ALPHA includes aggregated figures from both coin-margined and stablecoin-margined contracts. While such data provides insights into market behavior, it also highlights the challenges associated with maintaining stable positions, especially during periods of high volatility. The aggregated liquidations for ALPHA are calculated by converting stablecoin-margined contracts into USD, offering a clearer picture of market exposure.

The ALPHA token is also closely linked to Binance Alpha, a program that has garnered significant attention for its token distribution and trading incentives. Binance Alpha has seen substantial participation, with daily trading volumes reaching $1.76 billion as of May 29, 2025. The program operates under a 15-day rolling积分 system, where users earn points based on their trading activity. These points determine eligibility for airdrops and other token distribution events. Strategies for maximizing积分 include prioritizing trades on BSC assets, which offer double积分, and minimizing transaction slippage through careful execution.

As the delisting of the ALPHAUSDT contract approaches, users are expected to monitor market conditions closely, particularly during the final trading hours. The exchange has emphasized the importance of proactive risk management, urging traders to adjust their positions and leverage settings to align with the evolving market environment. Given the complexity of liquidation mechanics and the potential for market volatility, users are encouraged to leverage tools such as stop-loss orders and isolated margin accounts to mitigate risks.