Huobi Global to Delist BTT, CSPR, and SOS USDT-margined Perpetuals
Dear Valued Users,
As part of our Token Management Rules, Huobi Global will be delisting BTT/USDT, CSPR/USDT, and SOS/USDT perpetuals at 08:00 (UTC) on Aug 25, 2022.
In closing all open positions of such perpetuals, Huobi will use the arithmetic average of their index prices in the last hour as the delivery price. All open and pending orders of these perpetuals will also be canceled. If the index prices appear to be subject to abnormal manipulation an hour before the delisting, the platform may adjust the delivery price to a reasonable level based on the actual situation. During delivery at 8:00 (UTC) on the day of delisting, users are not required to pay any capital fee, delivery admin fee, or any other fees.
The market may experience strong price volatility before delisting. Therefore, you are advised to manage your risks by reducing leverages or closing positions in advance. If margin call losses are incurred from a forced liquidation at delisting, the insurance fund will be used to compensate users first, and the clawback mechanism will be activated for the portion that could not be met by the insurance fund. Accounts that have made a profit in the current period will share the margin call losses proportionally.
Delisted perpetuals will be marked as “Suspended” and will not be visible on Huobi Global a week after the delisting. Assets in users’ corresponding USDT-margined perpetual accounts will not be affected. The order history, transaction history, and transaction records will also remain accessible after the delisting, and all historical data will be retained for a week. If you need to back up any records, please export them in time from the corresponding pages via the Web interface.
Thank you for your support.
Aug 19, 2022
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Huobi Global reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and Huobi Global makes no recommendations or guarantees in respect of any digital asset, product, or promotion on Huobi Global. Prices of digital assets are highly volatile and trading digital assets involves risk. Please read our Risk Reminder text here.