ME News reports that on October 20 (UTC+8), the decentralized exchange Aster announced on X that, in light of recent developments surrounding PAPER and potential market risks, it has immediately switched the PAPER pre-market perpetual contract market to reduce-only mode.
Aster stated that the contract will be officially delisted at 9:45 AM Beijing Time on October 20 and recommended that users holding open positions close them voluntarily before delisting.
The platform stated that this move is a preventive risk management measure aimed at maintaining market trading order. (Source: ODAILY)
Aster to Delist PAPER Pre-Trade Perpetual Contracts
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Summary
Aster has moved PAPER perpetual futures to liquidation-only mode due to market risks. Delisting will occur at 9:45 AM Beijing Time on October 20. Traders are urged to close all open positions before the deadline. The platform emphasized that this decision aligns with its risk-to-reward ratio strategy and is intended to preserve market stability.
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