Cryptocurrency exchanges often make decisions regarding alternative coins, and the latest development in this area comes from the cryptocurrency exchange HTX. HTX has announced that it will be removing the SNT/USDT perpetual contract from its futures list at 11:00 AM Turkey time on May 16, 2024.
So, why did HTX make this decision? Well, the primary reason behind this move is the platform’s commitment to complying with token management rules. When closing perpetual contracts, it is crucial to determine the delivery price. HTX has decided to use the arithmetic average of the index prices in the last hour for closed positions. This decision is seen as a way to ensure a fair and transparent process.
However, it is important to note that these changes will not only impact transaction processes. Investors need to be cautious and manage the risks associated with these changes. Specifically, they should consider the potential price fluctuations that may occur during the delisting process.
But here’s the good news: HTX has assured users that they will not incur any costs during this process. On the day of delisting, no capital fees or other charges will be required during delivery. This means that users can have peace of mind from a financial perspective during this transition period.
To help users understand what to expect during this process, HTX will mark the delisted perpetual accounts as “Suspended,” and they will disappear from the platform a week later. Furthermore, users can rest assured that their assets will not be affected, and they will still have access to past data.
For more news, you can follow HTX on Telegram, Facebook, Twitter, and Coinmarketcap.
Disclaimer: The information provided in this article should not be considered investment advice. Investors should be aware of the high volatility and risk associated with cryptocurrencies and should conduct their own research.
