Upcoming Futures Contract Size Changes on June 30

Written by BTSE

June 21, 2024

Important Update

BTSE will be updating contract sizes for the below contracts on 10:30 AM (UTC+8), June 30, 2024.

Contract Size Adjustment

During the maintenance period, the following will occur:

  • Trading for these contracts will cease from 10:30 (UTC+8) to 11:30 (UTC+8)
  • Open orders and TWAP orders for these contracts will be canceled at 10:30 (UTC+8). This includes take-profit and stop-loss settings for existing positions.
  • Traders will not be able to open, close, or reduce positions for these contracts during this period.
  • Existing positions for these contracts may be liquidated during this period if the market price reaches your liquidation price
  • Trading bots for these contracts will be shut down at 10:00 (UTC+8); please consider shutting down your trading bots ahead of time to reduce liquidation risk

 

When the maintenance period ends, you need to restart your app to see the updated position and order sizes. Afterwards, you will have found the following:

  • The contract sizes will have changed
  • Your trading history may be affected; while the contract sizes will remain the same for previous trades, their values will reflect the updated sizes
  • The crypto value of your positions will not change. However, the position size (in # of contracts) will change

 

These changes may affect your liquidation risk. Please be aware of this upcoming change and adjust your futures positions accordingly. If you have any questions, please contact us at support@btse.com.

Regards,
Team BTSE

 

 


Our aim is to create a platform that offers users the most enjoyable trading experience. If you have any feedback, please reach out to us at support@btse.com or on X @BTSE_Official.

Note: BTSE blog content is intended solely to provide varying insights and perspectives. Unless otherwise noted, they do not represent the views of BTSE and should in no way be treated as investment advice. Markets are volatile, and trading brings rewards and risks. Trade with caution.

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