Announcement on Updating the Tick Size of Partial USDT-Margined Perpetual Contracts on KuCoin Futures Scheduled for October 17, 2022

2022/10/14 07:42:45Pengumuman

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 partial USDT-margined perpetual contracts at 06:30:00 on October 17, 2022 (UTC).

The specific adjustment details are as follows:

ContractsBefore After
OCEAN Perpetual/USDT 0.001 0.0001
MIR Perpetual/USDT 0.001 0.0001
SXP Perpetual/USDT 0.001 0.0001
ALGO Perpetual/USDT 0.001 0.0001
XEM Perpetual/USDT 0.0001 0.00001
ENJ Perpetual/USDT 0.001 0.0001

During this period, the order matching, order placing, Take Profit/Stop Loss, Auto-Deposit Margin, and other contract functions on the KuCoin Futures website, APP, and openAPI of the above contracts will be suspended. Meanwhile, users cannot create or stop the Futures Grid trading bots in these contracts. However, the running bots will not be affected.

It is estimated that the order cancellation will be available at 06:55:00 on October 17, 2022 (UTC). All trading and order matching services will be available at 07:00:00 on the same day (UTC). Please note that no further announcement will be issued when the update is completed.

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 at your own risk. KuCoin is not liable for any losses resulting from Futures trading.

Thanks for your understanding and support!

The KuCoin Team

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