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 02:00 to 05:00 (UTC) on December 20, 2024. System maintenance will be carried out during this period, with an estimated duration of 3 hours. During the maintenance, all spot and futures trading pairs will be suspended. You will not be allowed to place orders, cancel orders, or TP/SL operations. To minimize the impact on trading, users are advised to cancel orders, reduce positions, or add margins in advance to manage risks. Details as follows:
Upgrade Time | December 20, 2024, 02:00-05:00 (UTC) (Estimated duration: 3 hours) |
Impacted Functions |
Placing Orders, Canceling Orders, Copy Trading, and TP/SL |
Impacted Areas | Spot Trading & Futures Trading & Copy Trading |
Impacted Terminals | Web、App |
I. Futures Scheduled for Face Value Adjustment
The Futures are scheduled for face value adjustment and the details are as follows:
Futures | Current Face Value | Adjusted Face Value |
BTC/USDT | 0.001BTC | 0.0001BTC |
ETH/USDT | 0.01ETH | 0.001ETH |
SOL/USDT | 0.1SOL | 0.01SOL |
ETC/USDT | 1ETC | 0.1ETC |
XRP/USDT | 10XRP | 1XRP |
UNI/USDT | 1UNI | 0.1UNI |
AVAX/USDT | 1AVAX | 0.1AVAX |
AAVE/USDT | 0.1AVAE | 0.01AVAE |
SNX/USDT | 10SNX | 1SNX |
WIF/USDT | 10WIF | 1WIF |
JTO/USDT | 10JTO | 1JTO |
PEPE/USDT | 1,000,000 PEPE | 100,000 PEPE |
FLOKI/USDT | 100,000 FLOKI | 10,000 FLOKI |
BONK/USDT | 1,000,000 BONK | 100,000 BONK |
JASMY/USDT | 1,000 JASMY | 100 JASMY |
EIGEN/USDT | 10 EIGEN | 1EIGEN |
ENS/USDT | 1 ENS | 0.1ENS |
TAO/USDT | 0.1TAO | 0.01TAO |
SEI/USDT | 100SEI | 10SEI |
NEIRO/USDT | 10,000 NEIRO | 1,000 NEIRO |
II. Notes
1.1 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 futures 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 futures, 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 futures, 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 futures, with a total value of 10 BTC. After the adjustment, the order quantity will be 1000, and the value remains at 10 BTC.
1.2 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 futures, with a total value of 6 BTC. After the adjustment, the position will be 600, and the value remains at 6 BTC.
2. 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
December 18, 2024
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