Announcement on the Trading of KEEP/USDT Perpetual Contract
02/16/2022, 20:29:01
Dear KuCoin Users,
According to the Threshold official announcement, the NuCypher (NU) and Keep Network (KEEP) token will merge to a new token - Threshold Network Token (T).
For a better trading experience and to avoid the potential risks caused by the NU and KEEP merging plan, KuCoin Futures provides a solution for the trading of KEEP perpetual contracts. The details are as follows:
The KEEP/USDT perpetual contract will be delisted at 12:00 on February 17, 2022 (UTC). 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. A separate announcement will be made for the listing of T futures contracts.
The current funding rate at 12:00 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 contract delisting. It is suggested that the users control risks by reducing the leverage or by closing positions in advance.
Trading Bot will remove the KEEP/USDT Futures Grid trading pair, 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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