Announcement on the Trading of ANC/USDT and NYM/USDT Perpetual Contracts on KuCoin Futures
Dear KuCoin Futures Users,
KuCoin Futures provides a solution for the trading of ANC and NYM perpetual contracts, and the details are as follows:
The ANC/USDT and NYM/USDT perpetual contracts will be delisted at 08:00 on January 5, 2023 (UTC). Of the two 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 thereby before the last 30 minutes of the delisting, KuCoin 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 delisting will be 0, and the settlement will not charge any funding fees or service fees.
The market may fluctuate sharply before the contracts delisting. It is suggested that the users control risks by reducing the leverage or by closing positions in advance.
Trading Bot will remove the ANC/USDT and NYM/USDT Futures Grid trading pairs, and stop the running bots at the same time.
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 at your own risk. KuCoin is not liable for any losses resulting from Futures trading.
Thank you for your support!
The KuCoin Futures Team
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