Dear CoinEx users,
According to the project's announcement, CoinEx will support FTM (Fantom) token swap and rename to S (Sonic) at a 1:1 ratio. To ensure your asset security, the deposit, withdrawal, and trading services of FTM will be suspended for a designated period. The details are as follows:
The delisting arrangement for FTM:
1. Deposits and Withdrawals
- The deposit and withdrawal services of FTM will be terminated at 03:00 on Jan 9, 2025 (UTC).
- FTM will NOT be credited to your account if you deposit after the suspended period, so please confirm again before depositing.
- For more information, please refer to Sonic Mainnet Launch: EVM-Compatible, Verifiable 10,000 TPS, and Sub-Second Finality
2. Futures Trading
- CoinEx will delist FTMUSDT linear contract at 03:00 on Jan 9, 2025 (UTC).
- The settlement price is: 0.6813 USDT
- After delisting, all submitted orders in the above markets will be canceled.
- For users holding positions of the above Linear Contracts, please close your positions in advance, or they will be automatically liquidated at 03:00 on Jan 9, 2025 (UTC).
- For details about Futures Trading, please click HERE.
3. Margin Trading
- The crypto loan service of FTM/USDT margin trading pair will be suspended on Jan 2, 2025 (UTC).
- CoinEx will delist FTM/USDT margin trading pair at 03:00 on Jan 9, 2025 (UTC).
- After delisting, submitted orders would be canceled, and the returned asset would be transferred from Margin Account to Spot Account.
- Users holding positions of the above margin trading pairs should close them in advance. If not, CoinEx will close them automatically at 03:00 Jan 9, 2025 (UTC), regardless of whether the Crypto Loan expires or not.
- For details about Margin Trading, please click HERE.
4. Loans
- The collateral service of FTM will be suspended at 03:00 on Jan 9, 2025 (UTC).
- Please repay the borrowed assets and close the position as soon as possible. If your position is not closed in time, CoinEx will freeze the collateral assets at 03:00 Jan 9, 2025 (UTC). These assets will be unfrozen only after the swap and the new S token listing.
- For details about Loans, please click HERE.
5. Financial
- The Financial service of FTM will be suspended at 03:00 on Jan 9, 2025 (UTC).
- After the Financial service is closed, the assets in Financial Account will be transferred to Spot Account automatically.
6. Spot Trading
- FTM/USDT, FTM/USDC, and FTM/BTC trading pairs including spot grid and auto-invest plan, will be delisted and ALL orders in this market will be canceled at 06:00 on Jan 9, 2025 (UTC).
- During the suspended period, all unexecuted FTM orders will be systematically closed, and related assets will be returned to your spot account.
- If there are any ongoing trading strategies, please make adjustments in advance. Otherwise, the trades will be terminated automatically at 06:00 on Jan 9, 2025 (UTC).
The support arrangement for S:
1. Deposit and withdrawal service of S tokens will be opened at 09:00 on Jan 9, 2025 (UTC).
2. CoinEx will open trading for the S/USDT, S/USDC and S/BTC trading pairs at 09:00 on Jan 9, 2025 (UTC).
3. The listing time for margin trading, futures trading, and financial services related to the S token will be announced separately after passing the listing review. Please stay tuned for the latest announcements.
4. Note: The S token is swapped from FTM tokens at a 1:1 ratio.
Risk Reminder
Crypto products are innovative investment products with large price fluctuations as well as high investment risks. Therefore, please evaluate and invest wisely based on your risk tolerance and financial resources.
CoinEx reserves the right of final interpretation of this announcement.
CoinEx Team
Jan 2, 2025