Cryptocurrency exchange HTX has recently made a decision regarding altcoins, specifically the SNT/USDT perpetual contract. The exchange announced that it will remove this contract from its futures list at 11:00 AM Turkey time on May 16, 2024.
The reason behind this decision is HTX’s commitment to comply with token management rules. The closure of perpetual contracts requires careful consideration of the delivery price. In this case, HTX will use the arithmetic average of the index prices in the last hour for closed positions, ensuring a fair and transparent process.
It is important for investors to be cautious about managing the risks associated with these changes. Price fluctuations that may occur during the delisting process should be taken into account.
On a positive note, HTX has stated that users will not face any costs during this process. There will be no capital fees or other charges required on the day of delisting. This means that users can navigate this transition period without any financial burdens.
To provide clarity to users, HTX will mark the delisted perpetual accounts as “Suspended” and they will disappear from the platform a week later. This helps users understand what to expect during this process, and it is guaranteed that their assets will not be affected and past data will remain accessible.
As a disclaimer, it’s important to note that the information in this article should not be taken as investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and conduct their own research.
