Gate.io will delist BTC margined ETH/USD perpetual contract on April 11, 2024 at 08:00 UTC.
At 08:00 UTC on April 10,, 2024 the ETH/USD contract will be in reduce-only mode;
At 08:00 UTC on April 11,, 2024, any open order of the ETH/USD contract will be canceled, any open position will be auto-settled based on the average index price from 07: 30 to 08:00 UTC on April 11, 2024 (View Auto-Settlement Price for Delisted Perpetual Contract for details).
If you are trading the above perpetual contracts, it is highly recommended that you adjust your trading strategy and close your position beforehand.
Auto-Settlement Price for Delisted Perpetual Contract
Gate.io will use the average of index prices over half an hour before the delisting time as the auto-settlement price.
In the case of significant fluctuation during the last half an hour before delisting, Gate.io will use the average of index prices over an extended time period to avoid market manipulation.
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Gate.io Team
April 9, 2024