Binance to Delist MANA and EGLD Perpetual Contracts on November 13

07.11.2025 15:56

In a recent notice, Binance, the world's largest cryptocurrency exchange, announced the delisting of perpetual contracts for Decentraland (MANA) and MultiversX (EGLD). The exchange will close all positions and conduct an automatic settlement for COIN-M MANAUSD and EGLDUSD perpetual contracts on November 13, 2025, at 9:00 a.m. UTC, after which the contracts will be removed.

Starting from 8:30 a.m. UTC on the same day, users will be prohibited from opening new positions for these contracts. Binance has advised users to close any open positions before the delisting to avoid automatic settlement and potential losses.

Following the announcement, both MANA and EGLD prices saw minor declines as the market reacted to the news, highlighting the immediate impact on these tokens.

MANA Decentraland $0.23 +0.56%
Binance's delisting of MANA perpetual contracts represents a significant negative fundamental catalyst, reducing institutional accessibility and derivative trading volume. The immediate minor price decline confirms market apprehension. Long-term, this reduces MANA's visibility and utility on major exchanges, potentially accelerating bearish momentum as leveraged positions unwind. Short-term pressure likely persists through November 13 delisting date, with recovery dependent on alternative exchange support.
Technical analysis
Technical indicators contradict bearish fundamentals. RSI at 68.48 shows overbought conditions, while strong momentum (CCI: 162.9) and high Stochastic (90.86) suggest continued buying pressure. However, elevated levels indicate vulnerability to correction if sentiment shifts.
EGLD MultiversX $9.91 -1.19%
Binance's delisting of EGLD perpetual contracts represents a significant negative catalyst, reducing institutional trading access and liquidity. The immediate minor price decline reflects initial market reaction, but forced position closures by November 13 create near-term selling pressure. Long-term, reduced derivatives exposure may limit volatility but also institutional interest. The delisting signals diminished exchange support, potentially impacting EGLD's market positioning among major cryptocurrencies.
Technical analysis
Technical indicators show overbought conditions (RSI 69, Stochastics >90) with strong momentum (CCI >150), but delisting news contradicts bullish technicals. High volume (RVol 1.8-2.3x) suggests distribution, not accumulation. Technical strength likely overwhelmed by fundamental delisting pressure.
Sources
Binance to Delist MANAUSD and EGLDUSD Perpetual Contracts
bitcoininfonews.com 07.11.2025 17:05
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