Delisting of NFT, O3, EGS and METIS USDT Margined Swaps
Dear Valued Users,
As part of our Token Management Guidelines, Huobi Global (Huobi) will be delisting NFT, O3, EGS and METIS USDT margined swaps at 8:00 (UTC) on July 26, 2022.
In closing all open positions of such swaps, Huobi 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 subjected to abnormal manipulation an hour before the delisting, the platform may adjust the delivery price to a reasonable level based on the actual situation.
During delivery at 8:00 (UTC) on the day of delisting, users are not required to pay any capital fee, delivery admin fee or any other fees.
The market may experience strong price volatility before delisting, therefore you are advised to manage your risks by reducing leverages or closing positions in advance. If 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 that is not fulfiled 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 hidden for 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.
Thank you for your support!
July 20, 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, product, or promotion on Huobi Global. Prices of digital assets are highly volatile and trading digital assets involves risk. Please read our Risk Reminder text here.