BTCEX Will Delist USDT-Margined LOOKS Perpetual Contract and USDT-Margined XYM Perpetual Contract

Dear BTCEX Users,

To improve liquidity, BTCEX will delist the USDT-Margined Perpetual Contracts that cannot meet liquidity requirements.

BTCEX will close all positions and pending orders, and conduct an automatic settlement on the USDT-Margined LOOKSUSDT Perpetual Contracts and USDT-Margined XYMUSDT Perpetual Contracts at 2023-1-6 11:00 AM (UTC). The USDT-Margined LOOKS Perpetual Contract and USDT-Margined XYM Perpetual Contract will be delisted after the settlement is complete.

• Users are advised to close any open positions prior to the delisting time to avoid automatic settlement.
• In order to protect our customers and prevent potential risks in extremely volatile market conditions, BTCEX may undertake additional protective measures towards LOOKSUSDT Perpetual Contract and XYMUSDT Perpetual Contract without further announcement, including but not limited to adjusting the margin tiers including maximum leverage value, position value, and maintenance margin in each tier, updating the funding rates including the interest rate, premium and capped funding rate, changing the constituents of the price index and using the Last Price Protected mechanismto update the Mark Price.