Dear CoinEx users:
CoinEx Futures trading is a blockchain financial derivative, similar to traditional futures trading. Investors can long buy to gain profits from the price increase, or short sell to gain profits from the price gap. Futures transactions such as F-BNB/USDT, F-HT/USDT, F-OKB/USDT, F-AKRO/USDT will be settled for delivery at 12:00 (UTC) on February 1, 2019.
|
Futures pair |
Trading time (UTC） |
Delivery time (UTC) |
Delivery price |
Current clawbacks |
Clawback ratio |
|
F-BNB/USDT |
Dec 31, 2019 13:00 |
Feb 1, 2019 12:00 |
18.1050 USDT |
0 |
0 |
|
F-HT/USDT |
Dec 31, 2019 13:00 |
Feb 1, 2019 12:00 |
3.4276 USDT |
0 |
0 |
|
F-OKB/USDT |
Dec 31, 2019 13:00 |
Feb 1, 2019 12:00 |
3.2765 USDT |
0 |
0 |
Futures delivery instructions:
1. The delivery rules vary from Markets to Markets on CoinEx Futures Trading. The delivery date and price will be displayed in advance, please refer to the announcement for details (Details：F-HT，F-OKB，F-BNB).
2. When trading on Futures, your current PNL cannot be transferred if there are any liquidations in process or loans on your futures accounts; During delivery, your positions will be delivered at delivery prices if there are any liquidations in process or loans on your futures accounts and the bankrupt positions caused will be delivered by socializing losses.
3. Losses socializing: Ratio = Total Current Loss/Profits, when the current delivery amount by socializing losses is equal to the current profits * Ratios of Socializing losses.
4. After the losses are socialized, the remaining assets in one’s Futures Account will be automatically transferred to the Spot Account and the delivery is completed.
5. BNB, OKB and HT are tradable on the spot market and it won’t be listed on the futures after the delivery.
Risk:
1. As an innovative investment, please evaluate your investment carefully before participation.
2. Futures Trading not only allows you to magnify gains with fewer funds but can also saddle you with amplified losses when the market moves against you. Therefore, we strongly advise entry-level users not to use highly leveraged trading to avoid forced liquidation or even bankruptcy.
3. Futures traders should also reasonably use leverage, adjust their positions, and learn when to take profits or cut losses by liquidating positions.
CoinEx reserves the final right of explanation of this announcement.
If you have any suggestions when using CoinEx services, please share your thoughts with us via support@coinex.com
We welcome ideas from the community and would love to continue providing better products as well as services to users over the globe.
CoinEx
Feb 1, 2020
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