Huobi Provides Uninterrupted Trading for USDT-Margined Futures During Settlement

Dear Huobi Users,

To optimize your trading experience and facilitate 24/7 trading access, Huobi is excited to share that, effective immediately, trading services for USDT-margined perpetual and delivery futures will no longer be suspended due to settlement procedures. This progressive move sees the removal of the 1-minute trading halt during settlement. The resultant impact, alongside specific adjustments tailored to USDT-margined futures, is outlined below:

1. During the daily settlement window for USDT-margined perpetual futures, the calculation of unrealized profit and loss will be discontinued.

Note: Calculation of average position prices and unrealized profit and loss for weekly delivery futures and futures with early delivery remains unaffected.

2. On the Web/App interface, the filter of Settlement PnL will be phased out. This alteration will eliminate the display of records related to Settlement PnL.

3. For Coin-margined perpetual and delivery futures, our API platform remains unaffected. While specific interfaces will be modified or removed, new query interfaces will be introduced.

Please refer to the HuobiOpenAPI Platform for more details.

Disclaimer:

It's essential to note that during settlement, situations beyond our control might lead to minor variances in funding fee collection. Rest assured, these scenarios are not indicative of any system-related issues.

Risk Reminder: Trading virtual assets and virtual asset derivatives comes with high risks due to significant price volatility. Please fully understand all the risks and make prudent decisions before trading. Please read our detailed Risk Reminder. Huobi will not be responsible for your trading losses.

Huobi

August 28, 2023

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Huobi reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and Huobi makes no recommendations or guarantees in respect of any virtual asset, product, or promotion on Huobi. Prices of virtual assets are highly volatile and trading virtual assets involves risk. Please read our Risk Reminder text here.