BinanceOptionsCancelByUnderlying
Cancel all open options orders for all contracts of an underlying asset (e.g., all BTC options). ⚠️ This will cancel ALL open orders for the underlying.
This record as markdown: /tools/nirholas-binance-mcp/binanceoptionscancelbyunderlying.md
What BinanceOptionsCancelByUnderlying does on Binance MCP Server
AI agents call BinanceOptionsCancelByUnderlying to permanently remove resources in Binance MCP Server, typically in cleanup and lifecycle workflows. It does its job in a single call, and there is no undo.
Why BinanceOptionsCancelByUnderlying is rated Critical
This tool performs irreversible cancellation of all open orders for an entire underlying asset class. While cancellation is technically reversible in the sense that new orders can be placed, the specific orders themselves are permanently deleted and cannot be restored, making this a destructive action.
From the tool's definition The tool description explicitly states it will 'Cancel all open options orders for all contracts of an underlying asset' and warns that 'This will cancel ALL open orders for the underlying.' This is a bulk destructive operation that irreversibly cancels…
Attacks that exploit this kind of access
The rule that runs BinanceOptionsCancelByUnderlying safely
PolicyLayer is an MCP gateway: it sits between your AI agents and Binance MCP Server, and checks every tool call against a rule you set before the call runs. Nothing changes on the server itself. For BinanceOptionsCancelByUnderlying, this is the rule to start with:
BinanceOptionsCancelByUnderlying is removed from the agent's tool list entirely, so the agent never calls it. The rest of the server keeps working.
The button opens the PolicyLayer dashboard: create your workspace, connect Binance MCP Server, apply this rule, and every BinanceOptionsCancelByUnderlying call is checked against it from then on.
Questions about BinanceOptionsCancelByUnderlying
Cancel all open options orders for all contracts of an underlying asset (e.g., all BTC options). ⚠️ This will cancel ALL open orders for the underlying. It is categorised as a Destructive tool in the Binance MCP Server MCP Server, which means it can permanently delete or destroy data. Block by default and require explicit approval.
Register the Binance MCP Server MCP server in PolicyLayer and add a rule for BinanceOptionsCancelByUnderlying: allow, deny, rate-limit, or require approval. Point your MCP client at the PolicyLayer proxy URL and the rule is enforced on every call, before it reaches Binance MCP Server. Nothing to install.
BinanceOptionsCancelByUnderlying is a Destructive tool with critical risk. Critical-risk tools should be blocked by default and only enabled with explicit human approval.
Yes. Add a rate_limit block to the BinanceOptionsCancelByUnderlying rule in your PolicyLayer policy. For example, setting max: 10 and window: 60 limits the tool to 10 calls per minute. Rate limits are tracked per agent session and reset automatically.
Set action: deny in the PolicyLayer policy for BinanceOptionsCancelByUnderlying. The AI agent will receive a policy violation error and cannot call the tool. You can also include a reason field to explain why the tool is blocked.
BinanceOptionsCancelByUnderlying is provided by the Binance MCP Server MCP server (nirholas/binance-mcp). PolicyLayer sits as a proxy in front of this server to enforce policies before tool calls reach the server.
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