Resumption of BSV*3/USDT and ZEC*3/USDT Trading

Dear Users,

Due to huge price fluctuations on May 19, 2021 (UTC), Huobi Global suspended trading on BSV*3/USDT and ZEC*3/USDT to secure user assets. Now the trading on BSV*3/USDT and ZEC*3/USDT will be resumed from 12:00 PM on May 22, 2021 (UTC) according to the latest basket position. On the premise of no NAV erosion, Huobi Global will re-estimate the net asset value per share on BSV*3/USDT and ZEC*3/USDT by adjusting regular and specific positions based on normal price fluctuations.

Huobi Global has made compensations for affected users caused by the suspension on BSV*3/USDT and ZEC*3/USDT with the following solution:

Settle for users at twice the highest price of BSV*3/USDT and ZEC*3/USDT in the last minute of trading based on user share of BSV*3/USDT and/or ZEC*3/USDT

  • Compensations = User share of BSV*3/USDT and/or ZEC*3/USDT *2* the highest price in the last minute of trading

Please note that the assets for compensations have been converted into USDT and credited to user Exchange accounts on May 20, 2021 (UTC).

The process of position adjustment on BSV*3/USDT is as below:

Time (UTC) /Trigger Price

Basket (Prior to Position Adjustment) 

Basket (After Position Adjustment)

Leverage (Prior to/After Postion Adjustment) 

19/05/2021 12:39

0.00126603 BSV / -0.22052082 USDT 

0.00094489 BSV / -0.16664775 USDT 

4.0195 /3.0000

235.1544

0.00094489 BSV / -0.16664775 USDT 

0.00070867 BSV / -0.11109850 USDT 

4.0000 /3.0000

209.0261

0.00070867 BSV / -0.11109850 USDT 

0.00053151 BSV / -0.07406567 USDT 

4.0000 /3.0000

185.8010

0.00053151 BSV / -0.07406567 USDT 

0.00039863 BSV / -0.04937711 USDT 

4.0000 /3.0000

165.1565

0.00039863 BSV / -0.04937711 USDT 

0.00029897 BSV / -0.03291807 USDT 

4.0000 /3.0000

146.8057

0.00029897 BSV / -0.03291807 USDT 

0.00022423 BSV / -0.02194538 USDT 

4.0000 /3.0000

130.4940

0.00022423 BSV / -0.02194538 USDT 

0.00016817 BSV / -0.01463026 USDT 

4.0000 /3.0000

19/05/2021 16:00(Regular Position Adjustment)

0.00016817 BSV / -0.01463026 USDT 

0.00026842 BSV / -0.03326727 USDT 

1.8796 /3.0000

165.2486

0.00026842 BSV / -0.03326727 USDT 

0.00020133 BSV / -0.02217818 USDT 

4.0000 /3.0000

20/05/2021 16:00(Regular Position Adjustment)

0.00020133 BSV / -0.02217818 USDT 

0.00026286 BSV / -0.03418207 USDT 

2.2977 /3.0000

173.3885

0.00026286 BSV / -0.03418207 USDT 

0.00019714 BSV / -0.02278804 USDT 

4.0000 /3.0000

21/05/2021 16:00(Regular Position Adjustment)

0.00019714 BSV / -0.02278804 USDT 

0.00019062 BSV / -0.02167517 USDT 

3.1027 /3.0000

The process of position adjustment on ZEC*3/USDT is as below:

Time (UTC)/Trigger Price

Basket (Prior to Position Adjustment) 

Basket (After Position Adjustment)

Leverage (Prior to/After Postion Adjustment) 

19/05/2021 12:41

0.00647066 ZEC / -0.89306897 USDT 

0.00480266 ZEC / -0.63868574 USDT 

4.0419 /3.0000

177.3143

0.00480266 ZEC / -0.63868574 USDT 

0.00360200 ZEC / -0.42579050 USDT 

4.0000 /3.0000

157.6127

0.00360200 ZEC / -0.42579050 USDT 

0.00270150 ZEC / -0.28386033 USDT 

4.0000 /3.0000

140.1002

0.00270150 ZEC / -0.28386033 USDT 

0.00202612 ZEC / -0.18924022 USDT 

4.0000 /3.0000

124.5335

0.00202612 ZEC / -0.18924022 USDT 

0.00151959 ZEC / -0.12616015 USDT 

4.0000 /3.0000

110.6964

0.00151959 ZEC / -0.12616015 USDT 

0.00113969 ZEC / -0.08410677 USDT 

4.0000 /3.0000

19/05/2021 16:00(Regular Position Adjustment)

0.00113969 ZEC / -0.08410677 USDT 

0.00188746 ZEC / -0.20729312 USDT 

1.8115 /3.0000

146.4356

0.00188746 ZEC / -0.20729312 USDT 

0.00141559 ZEC / -0.13819541 USDT 

4.0000 /3.0000

20/05/2021 16:00(Regular Position Adjustment)

0.00141559 ZEC / -0.13819541 USDT 

0.00198622 ZEC / -0.24284862 USDT 

2.1381 /3.0000

163.0222

0.00198622 ZEC / -0.24284862 USDT 

0.00148967 ZEC / -0.16189908 USDT 

4.0000 /3.0000

21/05/2021 16:00(Regular Position Adjustment)

0.00148967 ZEC / -0.16189908 USDT 

0.00131286 ZEC / -0.13469116 USDT 

3.4040 /3.0000

136.7911

0.00131286 ZEC / -0.13469116 USDT 

0.00098465 ZEC /-0.08979411 USDT 

4.0000 /3.0000

Risk Reminder: There is a possibility that the NAV of ETP can become zero or the product will be removed due to inherent market risks, high fees, slippage, rebalance algorithm frontrunning, and any other perceived unknown risks associated with ETP.

 If you need further assistance, please e-mail [email protected]or submit an online request with the below format filled. We will reply within 3-7 working days.

Email Subject: Huobi Futures Issues Report _ UID number

Email Address:

Problem Description:

Assets: e.g. BSV*3/USDT or ZEC*3/USDT

Screenshots/Documents: 

We deeply apologize for any inconvenience caused and thank you for your support and understanding!

Huobi Global

May 22, 2021 

 

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Huobi Global reserves the right in its sole discretion to amend, revise or cancel this announcement at any time and for any reasons without prior notice.