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Binance announced it will delist the NEIRO perpetual contract later this week. The exchange confirmed that all NEIRO positions will be closed on September 26, 2025, with automatic settlement at 09:00 UTC. Traders must close their positions before this deadline, as the contract will no longer be available on Binance Futures after that time. New trades will also be blocked starting at 08:30 UTC, leaving only a short window to adjust.
Following the announcement, NEIRO’s price plunged over 20% in a single day. The exchange warned that volatility could increase in the final hours before settlement. Binance said it will not support liquidations with the Futures Insurance Fund during the last 60 minutes. Instead, it will use Immediate or Cancel Orders, and positions failing to meet margin requirements will be handled via Auto-Deleveraging.
Binance also cautioned that it could make protective changes without notice, including adjustments to funding rates, leverage, margin tiers, and price index components. Traders are urged to monitor and manage their positions closely, as liquidity may be reduced and price swings amplified during this period.
Delisting perpetual contracts does not remove the coin from spot markets, but it limits derivatives trading. Traders who rely on perpetuals for speculation or hedging will need to use other platforms. Binance did not provide specific reasons for the delisting, but such moves typically aim to manage risk when trading volumes fall or volatility becomes hard to handle.
NEIRO has been struggling for months, losing more than 60% of its value over the past year. Despite some broader market gains, the coin has failed to rally, prompting many investors to exit. NEIRO is currently trading around $0.03114, down more than 20% in the past 24 hours. Daily trading volume jumped 260%, likely due to traders reacting to the delisting news.
With the overall market dipping, NEIRO’s price may continue to fall before it finds stability.