KuCoin Futures Will Delist and Update the Max Leverage and Risk Limit of USDT-Margined TURTUSDT Perpetual Contract
05/30/2024, 12:00:00
Dear KuCoin Futures Users,
KuCoin Futures will delist the USDT-Margined TURTUSDT perpetual contract at 08:00 on May 31, 2024(UTC).
The arrangements for the delisting are as follows:
The TURTUSDT perpetual contract will be delisted at 08:00 on May 31, 2024 (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.
In addition,KuCoin Futures will adjust the maximum leverage and risk limit of the USDT-Margined TURTUSDT perpetual contract at 02:00 on May 30, 2024 (UTC)..
Updates to Max Leverage and Risk Limit:
| Symbol | before | after | ||
| Maximum Leverage | Maximum Risk Limit | Maximum Leverage | Maximum Risk Limit | |
| TURTUSDTM | 30 | 2,000,000 | 8 | 200,000 |
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 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.
Thanks for your understanding and support!
The KuCoin Futures Team
Quick Start Tutorial for Futures Trading:
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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