Delisting of Illiquid Contracts

On 20 October 2022 at 12:00 UTC, we will delist 14 perpetual swap contracts (please see the list below). The contracts will be settled early at 12:00 UTC on 20 October 2022 ( “T_settle”), according to the standard practice described in our Exchange Guide. 

Contract to be Delisted	Settlement Price
SANDUSDT	.BSANDT30M
LINKUSDT	.BLINKT30M
NEARUSDT	.BNEART30M
MANAUSDT	.BMANAT30M
TRXUSDT	.BTRXT30M
SHIBUSDT	.BSHIBT30M
OPUSDT	.BOPT30M
EOSUSDT	.BEOST30M
GALUSDT	.BGALT30M
GALUSD	.BGAL30M
TRXUSD	.BTRX30M
OPUSD	.BOP30M
APEUSD	.BAPE30M
FTMUSDT	.BFTMT30M

The decision to delist these contracts has been made due to insufficient trading interest in these contracts.

The timeline for the delisting process will be as follows:The contracts will trade as normal until 04:00 UTC on 20 October 2022 (“T_start”).

At T_start 04:00 UTC on 20 October 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
• The relevant Contract Specification pages will display early settlement information

At T_settle 12:00 UTC on 20 October 2022:

• The relevant 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 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

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

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