Announcement on the Delisting of Some Assets for HTX USDT-margined Swaps（2021/08/11）
- belangrijke aankondigingen
Dear Valued Users,
Based on the Token Management Rules of HTX Futures and to provide users with better trading service, HTX Futures will delist some assets with relatively low liquidity and trading volume for USDT-margined swaps.
HTX Futures plans to delist BNT/USDT swaps and CRO/USDT swaps at 3:00 am on Aug. 18, 2021 (UTC). The platform will use the arithmetic average of their index prices in the last hour as the delivery price to close all open positions of these swaps. At that time all open orders of these swaps will be canceled. If the index prices are abnormally manipulated in an hour before the delisting, the platform may adjust the delivery price to a reasonable level according to the actual situation.
To ensure the successful delisting of these swaps, HTX Futures has adjusted the risk-control parameter settings as following:
| Time |
Risk Control Parameter Settings |
| 3:00 on Aug. 17 (UTC) (24 hours before the delivery) |
Normal hard price limit range is ±6%, non-basis price limit range is ±5%, basis price limit range is ±2.5% . |
| 16:00 on Aug. 17 - 24:00 on Aug. 17(UTC) |
The funding rate of this period is calculated normally, and the upper and lower limit of funding rate for the next period is adjusted to 0%. |
| 0:00 on Aug. 18 - 3:00 on Aug. 18 (UTC) |
Funding rate of this period is 0%. |
| 2:50 on Aug. 18 (UTC) (10 minutes before the delivery) |
Normal hard price limit range is ±1%, non-basis price limit range is ±0.5%, basis price limit range is ±0.5%; Closing positions is allowed while opening positions is not. |
On the current day of delisting, users with open positions will not be charged for funding at the delivery and will not have to pay delivery fees or others.
If there should occur any violent fluctuations before the delisting, please control risk by reducing leverages or closing positions in advance. If there are losses caused by forced liquidation, the system will use insurance funds to compensate users first, and the remaining part that the insurance funds not able to compensate will enter into the clawback mechanism. Each profitable account will compensate based on the proportion of its profit.
After these swaps are delisted, they will be marked as “Suspended” and will not be shown on HTX Futures one week later. The assets in users’ conrresponding USDT-margined swaps account will not be affected. The order history, transaction history, and transaction records will also be available to query after the delisting of these swaps, and all historical data will be retained for a week. If you need to back up any records, please extract in time on the corresponding pages of Trading Management on WEB.
Thank you for your support!
HTX Futures
Aug. 11, 2021
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HTX reserves the right in its sole discretion to amend, revise, or cancel this announcement at any time and for any reasons without prior notice.
