Delisting of LUNA/USDT Margined Swaps

Dear Valued Users,

Complying with our Token Management Rules, Huobi Global will be delivering and delisting LUNA/USDT-margined swaps at 16:00 (UTC) on May 12, 2022.

In closing all open positions of such swaps, the platform will use the arithmetic average of their index prices in the last hour as the delivery price. All open and pending orders of these swaps 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.

At delivery at 16:00 (UTC) on the day of delisting, users would not have to pay capital fee, and there will be no delivery admin fees or any other fees.

Strong price volatility in the market before the delisting may be possible, please manage your risks by reducing leverages or closing positions in advance. In the event that margin call losses are incurred from a forced liquidation at delisting, the insurance fund will be used to compensate users, and the clawback mechanism will be activated for the portion could not be met by the insurance fund. Accounts that have made a profit in the current period will share the losses proportionally.

 Delisted swaps will be marked as “Suspended” and will be hidden on Huobi Global a week after the delisting. Assets in users’ corresponding USDT-margined swaps account 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 on the corresponding pages of Trading Management on WEB.

 Risk Reminder: Trading digital assets and digital asset derivatives comes with high risks due to price volatility. Please fully understand all the risks involved and make prudent decisions before trading. Please read our detailed risk remindertext here.

Thank you for your support!

 Huobi Global

May 12, 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, digital asset derivative, product, or promotion on Huobi Global.