HTX to delist selected USDT-margined perpetual futures
HTX to delist selected USDT-margined perpetual futures
Crypto exchange HTX has announced the delisting of several USDT-margined perpetual futures pairs to optimize its crypto portfolio.
On July 18, 2023 at 08:00 (UTC), the exchange will delist the following pairs:
- ACE/USDT, OGN/USDT, LOOM/USDT, METIS/USDT, ACH/USDT and STORJ/USDT.
In accordance with its token management rules, HTX will close all open positions in these perpetuals using the arithmetic average of their index prices over the last hour as the delivery price. All open and pending orders will be canceled.
If index prices show signs of abnormal manipulation one hour prior to delisting, HTX reserves the right to adjust the delivery price to a reasonable level based on the actual situation.
During the delivery process on the delisting day, users will not incur any capital fees, delivery administration fees or other charges. However, high price volatility is expected prior to delisting and users are advised to manage their risks by reducing leverage or closing positions in advance.
HTX has outlined measures to deal with margin call losses resulting from forced liquidations upon delisting. Initially, the insurance fund will be used to compensate users. If losses exceed the capacity of the fund, the clawback mechanism will be activated, affecting accounts that have benefited in the current period.
After the delisting, the affected perpetuals will be marked as "suspended" and will be invisible on HTX one week later. Assets in users' corresponding USDT-margined perpetual accounts will remain unaffected. Users' order history, transaction history and transaction records will remain accessible for one week after delisting to allow users to back up any necessary data.
HTX encourages users to export their records from the web interface in a timely manner.
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