- Gemini and MEXC to remove perpetual contracts in May 2025.
- Delisting involves altcoins paired with GUSD.
- No direct commentary from CEOs or leading figures noted.
Gemini and MEXC exchanges will delist multiple perpetual contracts in mid-to-late May 2025, affecting several altcoins paired with GUSD across both platforms.
These delistings matter for managing risk and liquidity on these platforms and have a minor impact on the market. There are no notable reactions from major
market influencers yet.
Gemini and MEXC will remove several
perpetual contracts and leveraged currency pairs from their offerings, driven by internal strategy. Gemini announced the delisting of contracts for BOME,
DOT, and other altcoins.
“On 2 May 2025 at 12:00pm SGT, Gemini Derivatives will delist the following contracts: BOMEGUSDPERP, DOTGUSDPERP, GOATGUSDPERP, MOODENGGUSDPERP, PNUTGUSDPERP,
PYTHGUSDPERP…All open orders for these perpetual contracts will be automatically cancelled.”
– Gemini Derivatives Team, Official Blog,
Gemini
The actions are handled by the exchange platforms without direct commentary from founders or high-profile leaders. The exchange’s blogs state
risk management as a priority. Neither platform involves major assets like BTC or ETH in this round.
The delisting has limited broader market impacts, primarily affecting traders holding these altcoins.
Market reactions appear subdued, with a focus on effective settlement procedures.
Financially, this aligns with regular platform optimization to
improve liquidity. There are no
institutional or regulatory influences highlighted in the delisting explanations.
Enhanced risk mitigation and internal decision-making are evident. This mirrors
past patterns of delisting due to low liquidity or demand,
emphasizing user safety and platform efficiency.
About the author
PROMPT Token Rewards Forfeit Deadline Approaching
PROMPT project enforces a deadline of May 16, 2025 for rewards collection, impacting token holders and emphasizing sustainable incentives.
Stablecoin Market Soars, Legislative Support Grows
Stablecoin market reaches $521B as U.S. legislation aims to boost adoption.
Antalpha Debuts on Nasdaq, Shares Open at $15.01
Antalpha Platform Holding Company commenced trading on the Nasdaq Global Market today under the ticker ANTA, with shares opening at $15.01, a rise from its IPO price of $12.80.
Polygon Co-Founder Exposes Deepfake Scams Targeting Startups
Sandeep Nailwal issues warning over deepfake scams targeting startups, highlighting an industry-wide threat.
Gemini and MEXC to Delist Crypto Contracts in May
Gemini and MEXC will delist several perpetual contracts in May 2025, due to platform strategy, affecting altcoins paired with GUSD.
Bitfarms Reports $36M Q1 Net Loss Amid Operational Shift
Bitfarms Ltd. reports a $36M net loss in Q1 2025, focusing on HPC and AI infrastructure expansion.
Related
PROMPT Token Rewards Forfeit Deadline Approaching
PROMPT project enforces a deadline of May 16, 2025 for rewards collection, impacting token holders and emphasizing sustainable incentives.
Stablecoin Market Soars, Legislative Support Grows
Stablecoin market reaches $521B as U.S. legislation aims to boost adoption.
Antalpha Debuts on Nasdaq, Shares Open at $15.01
Antalpha Platform Holding Company commenced trading on the Nasdaq Global Market today under the ticker ANTA, with shares opening at $15.01, a rise from its IPO price of $12.80.
Polygon Co-Founder Exposes Deepfake Scams Targeting Startups
Sandeep Nailwal issues warning over deepfake scams targeting startups, highlighting an industry-wide threat.
Bitfarms Reports $36M Q1 Net Loss Amid Operational Shift
Bitfarms Ltd. reports a $36M net loss in Q1 2025, focusing on HPC and AI infrastructure expansion.
Senators Push for Crypto Tax Exemptions in US
Senators Lummis and Moreno urge U.S. Treasury to exempt unrealized crypto gains from taxation.
Be the first to leave a comment