Dear Valued Users,
HTX Futures will be delisting selected assets with relatively low liquidity and trading volumes from coin-margined swaps, in line with our Token Management Rules and to offer users a better trading experience.
HTX Futures will delist IOST/USD swaps, BTM/USD swaps, and KSM/USD swaps at 03:00 (UTC) on Feb 16, 2022. 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. During this time, all open and pending orders of these swaps will be canceled. If the index prices appear to be subject to abnormal manipulation an hour before the delisting, the platform may adjust the delivery price to a reasonable level based on the actual situation.
To ensure the successful delisting of these swaps, HTX Futures will adjust the risk-control parameter settings as follows:
| Time |
Risk Control Parameter Settings |
| 03:00 (UTC) on Feb 15 (24 hours before delivery) |
The normal hard price limit range is ±6%, the non-basis price limit range is ±5%, basis price limit range is ±2.5%. |
| 16:00 (UTC) on Feb 15 - 24:00 (UTC) on Feb 15 |
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%. |
| 00:00 (UTC) on Feb 16 - 03:00 (UTC) on Feb 16 |
The funding rate of this period is 0%. |
| 02:50 (UTC) on Feb 16 (10 minutes before delivery) |
The normal hard price limit range is ±1%, the 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 day of delisting, users with open positions will not be charged for funding at the delivery and there will be no additional fees such as delivery fees charged.
There may be price volatility in the market before the time of delisting, as such please manage your risk by reducing leverages or closing positions in advance. In the event that margin call losses are incurred during a forced liquidation at delisting, the insurance fund will be used to compensate users first, and for the portion that the insurance fund is unable to cover, the clawback mechanism will be applied. The accounts that have made a profit in the current period will share the losses proportionally.
After these swaps are delisted, they will be marked as “Suspended” and will not be shown on HTX Futures a week after the delisting. The assets in users’ corresponding coin-margined swaps account will not be affected. The order history, transaction history, and transaction records will also remain accessible after the delisting, and all historical data will be retained for a week. If you need to back up any records, please extract them in time on the corresponding pages of Trading Management on WEB.
Risk Reminder: Trading digital assets and digital asset derivatives comes with high risks due to price volatility. Please fully understand all the risks involved and make prudent decisions before trading. Please read our detailed risk reminder text here.
Thank you for your support!
HTX Futures
February 11, 2022
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HTX reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and HTX makes no recommendations or guarantees in respect of any digital asset, digital asset derivative, product, or promotion on HTX.
