Announcement of the Adjustment Tick Size for 1000PEPE2 USDT-Margined Perpetual Contract on August 11, 2023
07/08/2023 16:51:52
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 1000PEPE2 USDT-margined perpetual contract on August 11, 2023, starting from 03:00 to 03:20 (UTC).
The specific adjustment details are as follows:
| Contract | Before | After |
| 1000PEPE2USDTM | 0.0000001 | 0.00000001 |
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 this contract. However, the running bots will not be affected.
It is estimated that the order cancellation will be available at 03:15:00 on August 11, 2023 (UTC). All trading and order matching services will be available at 03:20:00 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 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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