KuCoin Futures Will Delist USDT Margined API3, IOST Contracts

KuCoin Futures Will Delist USDT Margined API3, IOST Contracts

07/21/2023, 10:00:00

Dear KuCoin Futures Users,

Due to insufficient liquidity, KuCoin Futures will delist API3(API3), IOST(IOST) perpetual contracts on July 28, 2023 at 08:00 UTC.

The arrangements for the delist are as follows:

The API3/USDT and IOST/USDT perpetual contracts will be delisted at 08:00 on July 28, 2023 (UTC). 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 (UTC) 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.

API3(API3) and IOST(IOST) 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

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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

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