Dear Bitunix users,
In order to better protect the interests of users, Bitunix continuously upgrades the project review standards and comprehensively optimizes the project risk control rules. Bitunix will regularly review the listed digital assets, and will take measures including but not limited to suspending the trading of tokens and delisting the trading pairs in the first instance for projects with insufficient liquidity, lower activity, or potential security risks.
Based on the above criteria, Bitunix will delist LOOM/USDT, ORB/USDT and XEM/USDT trading pairs from perpetual futures market on December 9, 2024.
Please note:
Bitunix will close all positions on the LOOM/USDT, ORB/USDT and XEM/USDT USDT-M Perpetual Futures trading pairs at 08:00 on December 9, 2024 (UTC). During that time, all unfilled orders will be cancelled.
LOOM/USDT, ORB/USDT and XEM/USDT trading pairs will be delisted after the settlement is complete. Users are advised to close any open positions prior to delisting to avoid automatic settlement.
In order to protect users and prevent potential risks in extremely volatile market conditions, Bitunix may undertake additional protective actions toward the LOOM/USDT, ORB/USDT and XEM/USDT trading pair without further announcement, including but not limited to adjusting the risk limit tiers, maximum leverage value, position value, and maintenance margin rate, updating funding rates, such as the interest rate and funding rate, and using the Last Price Protected mechanism to update the Mark Price.
*Risk Warning:
The cryptocurrency market is available worldwide 24 x 7 for trading with no market close or open times. Please do your own risk assessment when deciding how to invest in cryptocurrency and blockchain technology. Bitunix attempts to screen all projects before they come to market. However, even with the best due diligence, there are still possible risks when investing. Bitunix is not liable for investment gains or losses.
Regards,
Bitunix Team
December 2, 2024
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