Announcement of the Adjustment Tick Size for ETH USDT-Margined Perpetual Contract on July 15, 2023
Dear KuCoin Futures Users,
To increase market liquidity and improve your trading experience, KuCoin Futures will update the tick size (i.e., the minimum change in the unit price) of ETH USDT-margined perpetual contract at 11:00:00 on July 15, 2023 (UTC+8). The order cancellation will be available at 11:00:00 to 11:02:00 on July 15, 2023 (UTC+8) .
The specific adjustment details are as follows:
| Contract | Before | After |
| ETH Perpetual/USDT | 0.05 | 0.01 |
During this period, the order matching, order placing, Take Profit/Stop Loss, Auto-Deposit Margin, and other contract functions on the KuCoin Futures website, APP, and openAPI of the above contracts will be suspended. Meanwhile, users cannot create or stop the Futures Grid trading bots in this contract. However, the running bots will not be affected.
It is estimated that the order cancellation will be available at 11:18:00 on July 15, 2023 (UTC+8). All trading and order matching services will be available at 11:20:00 on the same day (UTC+8). Please note that no further announcement will be issued when the update is completed.
The tick size update will not affect existing orders. After the tick size is updated, orders placed before the update will be matched with the original tick size.
To avoid possible risks, you may enable the “Auto-Deposit Margin” feature or close your positions in advance. If a large price fluctuation occurs, we will postpone the upgrade accordingly and notify you via the announcement.
We apologize for any inconvenience caused and appreciate your patience.
Risk Warning: Trading contracts is a high market risk activity that can result in large gains while also causing you to incur large losses. Past gains are not indicative of future returns. Severe price fluctuations may result in the forced liquidation of your entire margin balance. The information provided here should not be construed as financial or investment advice from KuCoin. All trading strategies are at your own discretion and risk. KuCoin is not responsible for any losses that you may incur as a result of using the contracts.
This activity is not related to Apple Inc.
Thank you for your support!
The KuCoin Team
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