Delisting of Ten Perpetual Swap Contracts 

On 19 October 2023 at 12:00 UTC, we will delist ten perpetual swap contracts (please see the list below). The contracts will be settled early at 12:00 UTC on 19 October 2023 ( “Tsettle”), according to the standard practice described in our Exchange Guide

Contract to be delisted

Settlement Price

1TAIDOGEUSD

.B1TAIDOGE30M

1TAIDOGEUSDT

.B1TAIDOGET30M

BOBUSD

.BBOB30M

FLOKIUSD

.BFLOKI30M

FLOKIUSDT

.BFLOKIT30M

GMXUSD

.BGMX30M

GMXUSDT

.BGMXT30M

ORDIUSD

.BORDI30M

RNDRUSD

.BRNDR30M

TURBOUSD

.BTURBO30M

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 19 October 2023 (“Tstart”).

At Tstart 04:00 UTC on 19 October 2023:

  • The Funding Rate, F0,will be calculated as normal using prices from the previous eight  hours. 
  • After Tstart, 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 Tsettle 12:00 UTC on 19 October 2023:

  • 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 for XBT margined contracts or Tether balance for USDT margined contracts, and this contract will no longer appear on the Positions section. 

In the meantime, if you have any questions please contact Support who are available 24/7. 

To be the first to know about our new listings, product launches, giveaways and more, we invite you to join one of our online communities and connect with other traders.  For the absolute latest, you can also follow us on Twitter, or read our blog and site announcements for the absolute latest. 

The post appeared first on Blog BitMex

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