Due to the Bitcoin Cash (BCH) community's scheduled hard fork on November 15, 2020 (Singapore Time), Huobi Futures will implement protective measures to safeguard users' interests against potential risks arising from the fork.
Key Dates for Contract Delisting
BCH/USD Coin-Margined Delivery Contracts
- Early Delivery & Delisting: November 13, 2020 (Friday), 16:00 GMT+8
Affected contracts: Current-week, next-week, current-quarter, and next-quarter.
BCH/USD Coin-Margined Perpetual Contracts
- Delivery & Delisting: November 15, 2020 (Sunday), 11:00 GMT+8
Detailed Delisting Plans
1. Coin-Margined Delivery Contracts
- Delivery Process:
Open positions will be settled at the arithmetic average of the index price 60 minutes before delivery. All pending orders will be canceled.
👉 Learn more about index pricing - Fee Adjustments: No additional fees (e.g., delivery fees) will be charged.
2. Coin-Margined Perpetual Contracts
- Delivery Process:
Similar to delivery contracts, settlements use the 60-minute index price average. Manipulated prices may trigger manual adjustments. - Funding Rate: Suspended on delivery day; no fees incurred.
Risk Management Tips
- Volatility Alert: Prices may fluctuate sharply pre-delisting. Reduce leverage or close positions early to mitigate risks.
- Loss Coverage: Any liquidation loss will first draw from the Risk Reserve. Remaining losses are proportionally shared among profitable accounts.
Post-Delisting Notes
- Contract status changes to "Delisted" but user assets remain unaffected.
- Historical records (orders, trades, finances) remain queryable on Huobi’s web platform.
- Relaunch timelines for BCH contracts will follow official announcements.
FAQs
Q: Will my BCH holdings be safe during the fork?
A: Yes. Only contract positions are settled; spot holdings are unaffected.
Q: Can I trade BCH contracts after delisting?
A: No. Trading resumes only upon official relaunch notice.
Q: How is the delivery price calculated?
A: It’s based on the index price average 60 minutes pre-delivery.
Q: Are there fees for early settlement?
A: No. Huobi waives delivery and funding fees for these events.
For updates, monitor Huobi’s official channels.
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