Announcement on Updating the Tick Size of USDT-Margined ICP Perpetual Contract on KuCoin Futures Scheduled for June 15, 2022
06/15/2022, 11:44:48
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 the USDT-margined ICP perpetual contract at 06：55：00 on June 15, 2022 (UTC).
During this period, the order matching, order placing, Take Profit/Stop Loss, Auto-Deposit Margin, and other contract functions on KuCoin Futures website, APP and openAPI will be suspended. Meanwhile, users cannot create or stop the Futures Grid trading bots in this contract. The running bots will not be affected.
It is estimated that the order cancellation will be available at 06:55:00 on June 15, 2022 (UTC). All trading and order matching services will be available at 07:00:00 the same day (UTC). Please note, 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.
The specific adjustment details are as follows:
| Contract | Before | After |
| ICP Perpetual/USDT | 0.1 | 0.001 |
To avoid possible risks, you may enable the “Auto-Deposit Margin” feature or close 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: 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.
Thanks for your understanding and support!
The KuCoin Team
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