Binance Sets VELODROME Futures and Spot Delisting Dates Ahead of Aero Launch

Binance has set staggered deadlines for Velodrome Finance (VELODROME) futures and spot trading ahead of the Aero merger, giving holders dates for settlement and the token transition.

The change is part of the planned merger of Aerodrome and Velodrome into Aero, scheduled to start Wednesday, Oct. 21, at 8 p.m. ET (Oct. 22 at 00:00 UTC). Each VELODROME will convert to 0.044 Aerodrome (AERO), while old AERO tokens will be swapped for new AERO tokens at a 1:1 ratio.

Binance will stop users from opening new positions in the VELODROMEUSDT futures contract on Oct. 28 at 4:30 a.m. ET (08:30 UTC). At 5 a.m. ET (09:00 UTC), it will automatically close positions and settle the contract, then remove it.

Binance plans to end VELODROME/USDT spot trading on Nov. 2 at 10 p.m. ET (Nov. 3 at 03:00 UTC) and cancel open orders. Deposits and withdrawals for VELODROME and AERO will pause 30 minutes later, at 10:30 p.m. ET (Nov. 3 at 03:30 UTC). VELODROME deposits and withdrawals will no longer be supported after the event; Binance will announce separately when AERO deposits and withdrawals resume.

After the merger, AERO’s total supply is expected to increase from two billion to 2.12 billion tokens, while its circulating supply is expected to rise from one billion to 1.07 billion.