Delisting of LUNA Coin-Margined Swaps
Dear Valued Users,
Complying with our Token Management Rules, Huobi Global will be delisting selected assets with relatively low liquidity and trading volumes to offer users a better trading experience.
Huobi Global plans to deliver and delist LUNA COIN-margined swaps at 14:00 (UTC) on May 11, 2022. The platform will use the arithmetic average of their index prices in the last hour as the delivery price to close all open positions of these swaps. During this time, all open and pending orders of these swaps will be canceled as well. 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.
There may be strong price volatility in the market before the time of delisting, 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 first, and for the portion that the insurance fund is unable to cover, the clawback mechanism will be applied. The accounts that have made a profit in the current period will share the losses proportionally.
After these swaps are delisted, they will be marked as “Suspended” and will not be shown on Huobi Global a week after the delisting. The assets in users’ corresponding coin-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 extract 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 reminder text here.
Thank you for your support!
May 11, 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.