Delisting of Illiquid Contracts

On 21 Feb 2025 at 12:00 UTC, we delisted 10 derivatives contracts (please see the list below). The contracts were settled at 12:00 UTC on 21 Feb 2025 ( “Tsettle”), according to the standard practice described in our Exchange Guide.

The decision to delist these contracts has been made due to insufficient trading interest in these contracts.

The timeline for the delisting process was as follows:

The contracts traded as normal until 04:00 UTC on 21 Feb 2025 (“Tstart”).

At Tstart 04:00 UTC on 21 Feb 2025:

• The Funding Rate, F0, was calculated as normal using prices from the previous eight hours  
• After Tstart, the Funding Rate would no longer be calculated and the next Funding Rate set to 0
• The relevant Contract Specification pages would display early settlement information

At Tsettle 12:00 UTC on 21 Feb 2025:

• The relevant contracts would expire, all trading would cease, and all open orders would be canceled
• Funding, calculated using F0, would be exchanged (longs pay shorts if F0 > 0 and shorts pay longs if F0<0)
• All open positions in the relevant contracts would be closed out using the relevant Settlement Prices
• No fees would be charged for settlement
• Once a contract has expired, the lifetime profit and loss of that contract would be added to the user’s Bitcoin / Tether balance, and this contract would no longer appear on the Positions section

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