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Home Gate.io will Delist BTC-Margined Quarterly and Bi Quarterly Futures

Gate.io will Delist BTC-Margined Quarterly and Bi Quarterly Futures

2022-12-05 11:05:51 UTC 18817 Read
Gate.io will delist the BTC margined Quarterly and Bi Quarterly futures contracts on 9 December, 2022 at 08:00 UTC, due to insufficient liquidity and trading interest. The following futures contracts will be delisted:

BTCUSD1230- Quarterly
BTCUSD0331-Bi Quarterly

Starting 14:00 UTC on 5 December, 2022, the above contracts will be in reduce-only mode; At 08:00 UTC on 9 December, 2022, any open order of the above contracts will be canceled, any open position will be auto-settled based on the average of index prices from 07:30 -08:00 UTC, on 9 December,2022.
There is no fee on the auto-settlement.
If the index price shows abnormalities half an hour prior to the delisting, that is 07:30 -08:00 UTC, on 9 December,2022, Gate.io may adjust settlement price or extend the delisting date.

If you are trading the above futures contracts, it is highly recommended that you adjust your trading strategy and close your position beforehand.

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Gate.io Team
December 5, 2022

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