On 29 Oct 2024 at 12:00 UTC ( “Tsettle”), we will delist the KLAYUSD perpetual swap contract. The contract will be settled early according to the standard practice described in our Exchange Guide.
The decision to delist these contracts has been made due to migration of KLAY to KAIA.
At Tsettle 12:00 UTC on 29 Oct 2024:
- The relevant contract will expire, all trading will cease, and all open orders will be canceled
- Funding, calculated using F0,will be exchanged (longs pay shorts if F0 > 0 and shorts pay longs if F0<0)
- All open positions in the relevant contracts will be closed out using the relevant Settlement Prices
- No fees will be charged for settlement
- Once a contract has expired, the lifetime profit and loss of that contract will be added to the user’s Bitcoin balance, and this contract will no longer appear on the Positions section
For any questions regarding this announcement, please contact Support.
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