Announcement of the Adjustment Tick Size for Multiple Perpetual Contracts on July 29, 2023
07/27/2023, 15:54:35
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 Multiple Perpetual Contracts at 04:00:00 on July 29, 2023 (UTC).
KuCoin is planning a system upgrade on July 29, 2023, starting from 04:00 to 06:00 (UTC). During this upgrade, Futures Trading will be temporarily unavailable.The adjustment tick size will be made within this time. Please pay attention to KuCoin announcement.
The specific adjustment details are as follows:
| Contracts | Before | After |
| FILUSDTM | 0.01 | 0.001 |
| PERPUSDTM | 0.001 | 0.0001 |
| MANAUSDTM | 0.001 | 0.0001 |
| LOOKSUSDTM | 0.0001 | 0.00001 |
| RENUSDTM | 0.0001 | 0.00001 |
| SUSHIUSDTM | 0.001 | 0.0001 |
| CHZUSDTM | 0.0001 | 0.00001 |
| THETAUSDTM | 0.001 | 0.0001 |
| NEOUSDTM | 0.01 | 0.001 |
| IOSTUSDTM | 0.00001 | 0.000001 |
| CVCUSDTM | 0.0001 | 0.00001 |
| CRVUSDTM | 0.001 | 0.0001 |
| EOSUSDTM | 0.001 | 0.0001 |
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.
To avoid possible risks, you may enable the “Auto-Deposit Margin” feature or close your 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 your own risk. KuCoin is not liable for any losses resulting from Futures trading.
This activity is not related to Apple Inc.
Thank you for your support!
The KuCoin Team
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