---
title: "Bybit and Binance announce delistings of USDT perpetual contracts"
description: "Bybit said it will delist its VELODROMEUSDT perpetual contract, and Binance said it will delist the PTBUSDT and MITOUSDT USDⓈ-M perpetual contracts. Each announcement applies to a specific contract rather than to USDT itself. Reported by Binance Announcements, Bybit Announcements on 2026-10-21."
language: en
canonical: "https://whycoinmoves.com/en/events/tether-binance-futures-will-delist-ptbusdt-bc44107e6fcee7"
published: 2026-10-24T13:39:09.000Z
updated: 2026-10-24T13:40:00.000Z
indexable: true
---

# Bybit and Binance announce delistings of USDT perpetual contracts

Bybit said it will delist its VELODROMEUSDT perpetual contract, and Binance said it will delist the PTBUSDT and MITOUSDT USDⓈ-M perpetual contracts. Each announcement applies to a specific contract rather than to USDT itself. Reported by Binance Announcements, Bybit Announcements on 2026-10-21.

Attributed sources: [Binance Announcements](<https://www.binance.com/en/support/announcement/detail/c30e6891afa54651ba950f8af144f861>), [Bybit Announcements](<https://announcements.bybit.com/en-US/article/delisting-of-velodromeusdt-perpetual-contract--artb784434995a7/>)

## Key facts

Bybit said it will delist its VELODROMEUSDT perpetual contract, and Binance said it will delist the PTBUSDT and MITOUSDT USDⓈ-M perpetual contracts. Each announcement applies to a specific contract rather than to USDT itself.
Evidence strength: Multiple publishers, 2 publisher group(s) (Binance Announcements, Bybit Announcements); this describes source coverage, not truth or causation.
No complete post-detection return window is available yet.

## Returns after site detection

| Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source |
| --- | --- | --- | --- | --- | --- |
| 5 minutes | — | — | — | — | — |
| 1 hour | — | — | — | — | — |
| 24 hours | — | — | — | — | — |

## Historical hourly baseline

| Metric | Value |
| --- | --- |
| Ready | false |
| Coverage | 0.0% (0/720) |
| Median absolute hourly return | — |
| 99th percentile of absolute hourly returns | — |
| BTC beta | — |
| Source / cutoff (UTC) | — / 24/10/2026, 13:39 |

## Claims and open questions

- Bybit published an announcement titled "Delisting of VELODROMEUSDT Perpetual Contract," stating the contract will be delisted.
- Binance published an announcement stating that its USDⓈ-M perpetual contracts PTBUSDT and MITOUSDT will be delisted on 2026-10-23.
- What effective date and time Bybit set for the VELODROMEUSDT delisting, and the settlement price used to close positions, would need Bybit's full announcement text or an exchange notice.
- The settlement price and delisting time Binance will apply to PTBUSDT and MITOUSDT would need Binance's complete announcement or a futures notice.

## Source evidence

- [Binance Futures Will Delist PTBUSDT and MITOUSDT USDⓈ-M Perpetual Contracts (2026-10-23)](<https://www.binance.com/en/support/announcement/detail/c30e6891afa54651ba950f8af144f861>) — Binance Announcements; published 21/10/2026, 09:30; received 24/10/2026, 13:39 (UTC).
- [Delisting of VELODROMEUSDT Perpetual Contract](<https://announcements.bybit.com/en-US/article/delisting-of-velodromeusdt-perpetual-contract--artb784434995a7/>) — Bybit Announcements; published 21/10/2026, 09:01; received 24/10/2026, 13:39 (UTC).


## Recent USDT events and market reactions

- [Senate Democrat seeks Tether records on payments tied to Nxum](<https://whycoinmoves.com/en/events/tether-us-senator-probes-tether-after-8b639f8d4e7519>) — Published 23/10/2026, 17:42 (UTC) · Multiple publishers (4 publishers) · Regulation · Complete reaction windows unavailable
- [Full coin archive](<https://whycoinmoves.com/en/coins/tether>)

## Recent Exchanges events on other coins

- [BMT: Upbit adds KRW market for Bubblemaps (BMT)](<https://whycoinmoves.com/en/events/bubblemaps-upbit-adds-krw-market-bubblemaps-f061e223b4f46e>)
- [AXIS: Upbit adds KRW market for Axis Robotics (AXIS)](<https://whycoinmoves.com/en/events/axis-robotics-upbit-adds-krw-market-axis-336c1a34fee70d>)
- [Exchanges](<https://whycoinmoves.com/en/topics/listing>)

## Research for this archive

- [Does crypto news move prices or follow them? A timestamp audit](<https://whycoinmoves.com/en/research/announcement-timestamps-and-causality.md>)
- [BNB spot and perpetual hedging: airdrops, funding and yield risks](<https://whycoinmoves.com/en/research/bnb-spot-perpetual-hedge-and-airdrops.md>)
- [Crypto listing and delisting effects: an OKX price study](<https://whycoinmoves.com/en/research/exchange-listing-and-delisting-price-reactions.md>)
- [Monero XMR and Zcash ZEC: delistings, liquidity and USD vs USDT](<https://whycoinmoves.com/en/research/privacy-coin-delistings-and-quote-currency-isolation.md>)

[Methods and limitations](<https://whycoinmoves.com/en/methodology>)
Publisher count is not independent evidence count. Price changes cannot verify news or prove causation.