Announcement on Updating the Tick Measurement of USDT-Margined LUNA Perpetual Contract on KuCoin Futures Scheduled for Might 11, 2022

Pricey KuCoin Futures Customers,

To extend marketplace liquidity and support your buying and selling revel in, KuCoin Futures will replace the tick dimension (i.e. the minimal alternate within the unit value) of the USDT-margined LUNA perpetual contract at 18:30:00 on Might 11, 2022 (UTC).

All the way through this era, the order matching, order putting, Take Benefit/Forestall Loss, Auto-Deposit Margin, and different contract purposes on KuCoin Futures web page, APP and openAPI can be suspended. In the meantime, customers can not create or prevent the Futures Grid buying and selling bots on this contract. The operating bots may not be affected.

It’s estimated that the order cancellation will be to be had at 18:25:00 on Might 11, 2022 (UTC). All buying and selling and order matching products and services can be to be had at 18:30:00 the similar day (UTC). Please notice, no additional announcement can be issued when the replace is finished.

The tick dimension replace is not going to have an effect on present orders. After the tick dimension is up to date, orders positioned sooner than the replace can be matched with the unique tick dimension.

The precise adjustment main points are as follows:

Contract Ahead of After
LUNA Perpetual/USDT 0.001 0.000001

To keep away from imaginable dangers, you might permit the “Auto-Deposit Margin” characteristic or shut positions upfront. If a big value fluctuation happens, we will be able to put off the improve accordingly and notify you by the use of the announcement.

We make an apology for any inconvenience brought about and respect your persistence.

Chance Caution: Futures buying and selling is a high-risk task with the potential of massive positive factors and enormous losses. Earlier positive factors don’t point out long run returns. Critical value fluctuations might end result within the pressured liquidation of your whole margin stability. This data will have to now not be thought to be funding recommendation from KuCoin. All buying and selling is completed at your individual discretion and at your individual threat. KuCoin isn’t answerable for any losses as a result of Futures buying and selling.

Thank you to your working out and give a boost to!

The KuCoin Futures Crew

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