Dear users:
To enhance the liquidity of the USDT-margined perpetual futures markets and offer a better trading experience, we will adjust the face values of certain USDT perpetual futures already listed, starting from March 8, 2024, at 04:00 (UTC). The important information related to this adjustment is outlined below, and we kindly recommend you read it carefully, assess your account risks in advance, and take necessary precautions.
I. Contract Pairs Scheduled for Face Value Adjustment
The contract pairs are scheduled for face value adjustment and the details are as follows:
Contract Pairs | Current Face Value | Adjusted Face Value |
BTC/USDT | 0.01 BTC | 0.001 BTC |
ETH/USDT | 0.1 ETH | 0.01 ETH |
DOGE/USDT | 1000 DOGE | 100 DOGE |
XRP/USDT | 100 XRP | 10 XRP |
ETC/USDT | 10 ETC | 1 ETC |
LTC/USDT | 1 LTC | 0.1 LTC |
ADA/USDT | 100 ADA | 10 ADA |
TRX/USDT | 1000 TRX | 100 TRX |
SOL/USDT | 1 SOL | 0.1 SOL |
II. Notes
1. System Maintenance
Aibit will perform system maintenance starting from March 8, 2024, at 04:00 (UTC), with an estimated duration of 3 hours, during which we will suspend the trading services. Users will not be allowed to place or cancel orders, add margins and transfer funds. To ensure trading safety and control risk, please take necessary measures in advance, such as canceling orders, reducing positions, or adding margin to avoid potential risks.
2. Handling Holdings and Pending Orders
2.1 Pending Orders
(1) For unfilled limit orders: The quantity of user orders remains the same, and the adjusted order quantity equals the original quantity divided by the adjusted face value.
(2) For partially filled pending limit orders, unfilled contracts will be canceled during the adjustment.
(3) Pending TP-SL limit/conditional orders will be subjected to the same changes as pending limit orders during the adjustment.
Example: Before the adjustment, the face value of BTC is 0.1, and after the adjustment, it becomes 0.01.
Example 1: Before the adjustment, a user placed 100 limit orders for BTCUSDT perpetual contracts, with a total value of 10 BTC. After the adjustment, the order quantity will be 1000, and the value remains at 10 BTC.
Example 2: Before the adjustment, a user placed 500 limit orders for BTCUSDT perpetual contracts, and 320 of them were partially filled. After the adjustment, the remaining 180 unfilled limit orders will be canceled.
Example 4: Before the adjustment, a user placed 100 take-profit/stop-loss orders for BTCUSDT perpetual contracts, with a total value of 10 BTC. After the adjustment, the order quantity will be 1000, and the value remains at 10 BTC.
2.2 Holdings
User position quantities remain the same, and the adjusted position quantity equals the original quantity divided by the adjusted face value.
Example: Before the adjustment, the face value of BTC is 0.1, and after the adjustment, it becomes 0.01.
Before the adjustment, a user holds 60 BTCUSDT perpetual contracts, with a total value of 6 BTC. After the adjustment, the position will be 600, and the value remains at 6 BTC.
3. Risk disclaimer
Users' maintenance margin ratio may increase because of adjustments and market volatility. To prevent forced liquidations caused by these adjustments, users are encouraged to decrease leverage by either increasing margins or closing positions.
We sincerely apologize for any inconvenience this may cause and appreciate your understanding. Please contact our customer support should you have any enquiries.
Aibit Team
March 7, 2024
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Aibit is committed to compliance and strictly adheres to the requirements of regulatory authorities. Please comply with the relevant laws and regulations of your country or region. We reserve the right to modify, change, or cancel this announcement at any time and for any reason without prior notice.
Risk Warning: The prices of digital assets are subject to high market risks and volatility. The value of your investment may fluctuate and may result in a loss of your invested capital. You are solely responsible for your investment decisions, and Aibit is not liable for any potential losses. Past performance does not guarantee future results. You should only invest in familiar products and understand the associated risks. Please carefully consider your investment experience, financial situation, investment objectives, and risk tolerance before making any investments and consult with an independent financial advisor. This document should not be considered financial advice. For more details, please read Aibit's "Risk Disclosure" and related content carefully.