HTX, a cryptocurrency exchange, has recently made a decision regarding altcoins. It has announced that it will remove the SNT/USDT perpetual contract from its futures list on May 16, 2024, at 11:00 AM Turkey time.
This decision by HTX is an important step for perpetual futures and is driven by the platform’s desire to comply with token management rules. When closing perpetual contracts, it is crucial to determine the delivery price. HTX will use the arithmetic average of the index prices in the last hour for closed positions, ensuring a fair and transparent process.
However, these changes will not only impact transaction processes. Investors need to exercise caution in managing the risks associated with these changes, particularly considering price fluctuations that may occur during the delisting process.
HTX has also assured users that they will not incur any costs during this process. No capital fees or other charges will be required on the day of delisting or during delivery. This ensures that users can navigate this transition period without any financial burdens.
To provide clarity for users, HTX will mark the delisted perpetual accounts as “Suspended” and remove them from the platform a week later. This will help users understand what to expect during this process, and it guarantees that assets will not be affected and past data will remain accessible.
As a reminder, this article does not constitute investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and should conduct their own research. Stay updated on our news through Telegram, Facebook, Twitter, and Coinmarketcap.