Scheduled for 0.5x adjustment… Binance BITOUSDT futures to apply on the 19th
Original headline0.5배 조정 예정…바이낸스 BITOUSDT 선물 19일 적용
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Binance will adjust the contract quantity of its BITOUSDT perpetual futures to 0.5x starting at 10:00 a.m. KST on November 19, reflecting a 2-for-1 reverse split of the underlying ProShares Bitcoin ETF (BITO). The adjustment is expected to be completed around 12:30 p.m. KST, after which only order cancellations will be permitted for up to five minutes. ProShares announced the reverse split on November 3, combining two BITO shares into one, with the change taking effect before the U.S. market open on November 19 while the BITO ticker remains unchanged. The move matters because it aligns Binance's futures contract sizing with the ETF's new share structure, and traders should watch for potential order-book disruption and cancellation-only windows during the transition.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Binance, BITOUSDT, ProShares, BITO, PANews