Delisting 8 FX Perpetual Swap Contracts

January 02, 2023

On 14 December 2022 at 12:00 UTC, we will delist 8 FX perpetual swap contracts, namely:EURUSDEURUSDTUSDTBRLUSDTINRUSDTMXNUSDTSEKUSDTTRYUSDTZARThe contracts will be settled early at 12:00 UTC on 14 December 2022 ( “T settle ”) 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 8 most liquid FX perpetuals contracts will remain listed. The timeline for the delisting process will be as follows:The contracts will trade as normal until 04:00 UTC on 14 December 2022 (“T start ”)At T start 04:00 UTC on 14 December 2022:The Funding Rate, F 0 , will be calculated as normal using prices from the previous eight hoursAfter T start , the Funding Rate will no longer be calculated and the next Funding Rate set to 0Our Contract Specification pages will display early settlement informationAt T settle 12:00 UTC on 14 December 2022:The contracts will expire, all trading will cease, and all open orders will be canceledFunding, calculated using F 0 , will be exchanged (longs pay shorts if F 0 > 0 and shorts pay longs if F 0 <0)All open positions will be closed out using the below indices as the Settlement Prices:.BEURUSD30M.BEURUSDT30M.BUSDTBRL30M.BUSDTINR30M.BUSDTMXN30M.BUSDTSEK30M.BUSDTTRY30M.BUSDTZAR30MNo fees will be charged for settlementOnce a contract has expired, the contract’s lifetime profit and loss will be added to the user’s Bitcoin balance. Please note that the contract will no longer appear on the Positions sectionIn the meantime, if you have any questions regarding this announcement please contact Support.

The source of this news is from BitMEX