Dear Users,
In accordance with the HTX Token Management Rules, HTX will delist and settle the IOTA/USDT perpetual contract on August 15, 2024, at 16:00 (GMT+8).
Key Details of the Delisting Process
1. Settlement Mechanism
- All open positions will be closed at the average index price calculated over the 60 minutes preceding delisting.
- Pending orders will be canceled automatically.
- No funding fees or additional charges will apply during settlement.
2. Risk Management
Price volatility may increase before delisting. Users are advised to:
- Reduce leverage.
- Close positions proactively.
If liquidation losses occur, HTX will:
- Cover losses using the Risk Reserve Fund.
- Distribute residual losses among profitable accounts proportionally.
3. Post-Delisting Actions
- The contract will be marked as "Halted" and hidden from HTX after one week.
- User assets in USDT-margin accounts remain unaffected.
- Historical data (orders, trades, financial records) will be accessible for 7 days post-delisting via the HTX Web Portal.
FAQs
❓ Why is HTX delisting IOTA/USDT perpetual contracts?
HTX periodically reviews contract performance and liquidity. Delisting ensures optimal platform efficiency and user experience.
❓ Will I lose my funds after delisting?
No. Your USDT-margin account balance remains unchanged; only the IOTA/USDT contract positions are settled.
❓ How is the final settlement price determined?
It’s based on the 60-minute arithmetic average of the IOTA index price before delisting.
❓ Can I trade IOTA elsewhere on HTX?
This announcement pertains only to the IOTA/USDT perpetual contract. Spot trading (if available) is unaffected.
👉 Explore HTX’s latest trading pairs for uninterrupted opportunities.
HTX reserves the right to modify or cancel this announcement without prior notice. Virtual asset investments carry risks; please assess your risk tolerance before trading.
Last Updated: August 8, 2024
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