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KuCoin Futures Will Delist USDT-Margined ZEC, DUSK, DASH and XMR Contracts

BTCMEX

Related type: Others

2023-09-01 16:30

Dear KuCoin Futures Users,To enhance users' Contracts experience, KuCoin Futures will delist ZEC, DUSK, DASH and XMR perpetual contracts..The arrangements for the delist are as follows:.1. The ZEC/USDT and DUSK/USDT perpetual contracts will be delisted at 08:00 on September 8, 2023 . With the delisting of these contracts, the open orders will be canceled, and the positions will be settled at the average mark price during the last 30 minutes before the delisting. If abnormal market fluctuations occur and the mark price is maliciously manipulated before the last 30 minutes of the delisting, KuCoin Futures may adjust the settlement price to a reasonable level according to the actual situation..2. KuCoin Futures is going to adjust the maximum leverage and risk limit of XMR perpetual contract at 08:00 on September 8, 2023 , as per the table below. More details about Risk Limit can be found in the Risk Limit . Previous Leverage and Margin Tiers New Leverage and Margin TiersMaximum LeverageMaximum Risk Limit in USDT Maximum LeverageMaximum Risk Limit in USDT 50 5,000 30 5,000 20 25,000 20 25,000 10 100,000 10 100,000 5 300,000 5 300,000 1 500,000 1 500,0003. The DASH/USDT and XMR/USDT perpetual contracts will be delisted at 08:00 on September 22, 2023 . With the delisting of these contracts, the open orders will be canceled, and the positions will be settled at the average mark price during the last 30 minutes before the delisting. If abnormal market fluctuations occur and the mark price is maliciously manipulated before the last 30 minutes of the delisting, KuCoin Futures may adjust the settlement price to a reasonable level according to the actual situation..The current funding rate at 08:00 on the day of the delisting will be 0, and the settlement will not charge any funding or service fees..The market may fluctuate sharply before the contract delisting. It is suggested that users control risks by reducing the leverage or by closing positions in advance..ZEC, DUSK, DASH and XMR futures grids in Trading Bots will also be affected in the same way. It is recommended that users close position in advance to avoid unnecessary losses..Thanks for your understanding and support!.The KuCoin Futures Team...Quick Start Tutorial for Futures Trading:.Web Tutorial..APP Tutorial..Risk Warning: Futures trading is a high-risk activity with the potential for huge gains and huge losses. Previous gains do not indicate future returns. Severe price fluctuations may result in the forced liquidation of your entire margin balance. This information should not be regarded as investment advice from KuCoin. All trading is done at your own discretion and your own risk. KuCoin is not liable for any losses resulting from Futures trading..Thank you for your support!.The KuCoin Team..Find The Next Crypto Gem On KuCoin!.Sign up with KuCoin now! >>>..Download KuCoin App >>>..Follow us on Twitter >>>..Join us on Telegram >>>..Join KuCoin Global Communities >>>.