Latest Announcement from Aevo: Delisting of ZERO Perpetual Contracts
In a recent update from Foresight News, derivatives trading platform Aevo has revealed its decision to delist ZERO perpetual contracts. This significant move is set to take place on October 23 at 16:00 (UTC+8), impacting traders currently holding positions in these contracts.
Key Details of the Delisting
- Delisting Date: October 23, 2023, at 16:00 (UTC+8).
- Trading Suspension: Trading will be permanently halted 30 minutes prior to the delisting.
- Position Settlement: All user positions will be settled using a 5-minute index price TWAP (Time Weighted Average Price).
Implications for Traders
This delisting may have substantial implications for current investors and traders involved with ZERO contracts. It is advisable for users to assess their positions and make necessary adjustments before the specified cutoff time. Additionally, the calculated settlement price aims to minimize market impact, providing a fair resolution for user holdings.
What is Aevo?
Aevo is a renowned derivatives trading platform that facilitates various contract trades, offering users avenues for investing and hedging in multiple asset classes. Keeping abreast of Aevo's announcements is crucial for users to navigate the volatile trading landscape effectively.
Conclusion
As the date approaches for the delisting of ZERO perpetual contracts, traders should stay informed and proactive about their positions. For further updates, consider following Aevo's official communication channels and engaging with the trading community.
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