Delisting 8 FX Perpetual Swap Contracts

On 14 December 2022 at 12:00 UTC, we will delist 8 FX perpetual swap contracts, namely:

• EURUSD
• EURUSDT
• USDTBRL
• USDTINR
• USDTMXN
• USDTSEK
• USDTTRY
• USDTZAR

The contracts will be settled early at 12:00 UTC on 14 December 2022 ( “T_settle”) according to the standard practice described in our Exchange Guide.

The decision to delist these contracts has been made due to insufficient trading interest in these contracts. The 8 most liquid FX perpetuals contracts will remain listed.

The timeline for the delisting process will be as follows:

The contracts will trade as normal until 04:00 UTC on 14 December 2022 (“T_start”)

At T_start 04:00 UTC on 14 December 2022:

• The Funding Rate, F₀, will be calculated as normal using prices from the previous eight  hours  
• After T_start, the Funding Rate will no longer be calculated and the next Funding Rate set to 0
• Our Contract Specification pages will display early settlement information

At T_settle 12:00 UTC on 14 December 2022:

• The contracts 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 will be closed out using the below indices as the Settlement Prices:

.BEURUSD30M
.BEURUSDT30M
.BUSDTBRL30M
.BUSDTINR30M
.BUSDTMXN30M
.BUSDTSEK30M
.BUSDTTRY30M
.BUSDTZAR30M

• No fees will be charged for settlement
• Once a contract has expired, the contract’s lifetime profit and loss will be added to the user’s Bitcoin balance. Please note that the contract will no longer appear on the Positions section

In the meantime, if you have any questions regarding this announcement please contact Support.  

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