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Binance Coin-Margined Futures Position Mode to Upgrade, Aligning with USDT-Margined Futures on June 15th

51 minutes ago

**Binance Announces Coin-Margined Futures Position Mode Upgrade** June 2nd – Binance today announced that starting June 15 at 11:00 AM (UTC+8), it will upgrade the position mode for Coin-Margined Futures contracts. Post-upgrade, the position mode settings for Coin-Margined Futures will align with those of USDT-Margined Futures contracts. If a user has set different position modes in the two markets, the system will automatically overwrite the Coin-Margined Futures setting to match the USDT-Margined Futures setting. For example: If a user uses "Hedge Mode" for USDT-Margined Futures contracts and "One-way Mode" for Coin-Margined Futures contracts, after the upgrade, both will be unified to "Hedge Mode." The upgrade is expected to be completed in roughly 24 hours. During this window, Coin-Margined Futures trading operations will remain largely unaffected, though some users may experience intermittent trading interruptions—simply retrying will restore normal functionality. Binance reminds users that if their position mode settings differ between the two markets prior to synchronization, all open orders in Coin-Margined Futures contracts (including reduce-only orders and take-profit/stop-loss orders) will be canceled. Additionally, if switching from Hedge Mode to One-way Mode while holding both long and short positions, the system will perform a net settlement of the long and short positions at the current mark price, establishing a new position in the net direction. This may lead to significant changes in average entry prices and account balances; users will be responsible for any resulting gains or losses. It is recommended that users proactively adjust their Coin-Margined Futures position mode settings to match their USDT-Margined Futures settings before the upgrade to avoid triggering the automatic switch mechanism.
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