Introduction to the Reverse Position Feature in Huobi Futures
- Important Announcement
Dear Huobi Users,
To bring to users a better product and better user experience, Huobi Futures has rolled out a new feature -- Reverse Position -- which allows users to close their current positions and open new positions in the opposite direction. With this upgrade, traders can easily adjust their trades and positions in response to the latest market conditions with just one click.
The Reverse Position feature is available in:
Hedge-mode USDT-Margined delivery and perpetual futures contracts
Coin-Margined delivery and perpetual futures contracts
Rules of Use:
1. By confirming to reverse position, the current position will be closed at the market price and the current open orders in the opposite side will be canceled, and an order will be placed to open a new position of the same leverage and size in the opposite direction.
2. If the available funds are inadequate, an opposite position will not be opened, but the previous position will still be closed.
3. All terms and conditions in relation to Huobi Futures continue to apply.
Risk Reminder: Trading virtual assets and virtual asset derivatives comes with high risks due to significant price volatility. Please fully understand all the risks and make prudent decisions before trading. Please read our Risk Reminder text here. Huobi will not be responsible for your trading losses.
Huobi
December 27, 2022
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Huobi 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 makes no recommendations or guarantees in respect of any virtual asset, product, or promotion on Huobi. Prices of virtual assets are highly volatile and trading virtual assets involves risk. Please read our Risk Reminder text here.
