KuCoin Futures Will Delist the YZYUSDT Perpetual Contract(03-12)
KuCoin Futures will delist the YZYUSDT perpetual contract at 07:00 on March 12, 2026 (UTC).
The arrangements for the delisting are as follows:
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Starting from 06:50 on March 12, 2026 (UTC), opening new positions in the YZYUSDT contract will be suspended, while closing positions will remain unaffected.
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The YZYUSDT perpetual contract will be delisted at 07:00 on March 12, 2026 (UTC). With the delisting of this contract, the open orders will be canceled, and the positions will be settled at the average index price during the last 30 minutes before the delisting. It is recommended that users close position in advance to avoid unnecessary losses.
Updated Mark Price Mechanism Before Delisting
To enhance fairness and stability during the delisting process, KuCoin Futures has updated the mark price mechanism for the final 30 minutes prior to delisting:
- Mark Price = Average Index Price (calculated every second)
- Example for a 07:00 delisting:
- 06:35 mark price = average index price from 06:30 to 06:35
- 06:59 mark price = average index price from 06:30 to 06:59
- Example for a 07:00 delisting:
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180-Second Smooth Transition Mechanism
- Starting from 06:30, the system will smoothly transition from the original mark price formula to the new average-based mark price over a 180-second window to avoid sudden mark price jumps.
- Mark Price = β * (New Mark Price Formula) + (1 − β) * (Old Mark Price Formula)
- Starting from 06:30, the system will smoothly transition from the original mark price formula to the new average-based mark price over a 180-second window to avoid sudden mark price jumps.
If abnormal market fluctuations occur and the index price is found to be maliciously manipulated, KuCoin Futures may undertake additional protective measures without further announcement, including but not limited to adjusting the maximum leverage value, position value, and maintenance margin in each margin tier, updating funding rates such as the interest rate, premium and capped funding rate, changing the constituents of the index price.
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.
Risk Warning:
Investing in cryptocurrency is akin to being a venture capital investor. The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. KuCoin attempts to screen all tokens before they come to market. However, even with the best due diligence, there are still risks when investing. KuCoin is not liable for investment gains or losses.