Dear users.
YIBI will remove FTT/USDT leveraged pairs and stop trading on November 14, 2022 at 12:00 (UTC+8)
Dear users.
YIBI will remove FTT/USDT leveraged pairs and stop trading on November 14, 2022 at 12:00 (UTC+8).
YIBI contracts will be automatically liquidated on November 14, 2022 at 12:00 (UTC+8) for FTTUSDT U-native perpetual contracts respectively, and will be removed from trading pairs of FTTUSDT U-native perpetual contracts after the end of liquidation.
Caution.
Users are advised to close their own positions before stopping trading in order to avoid automatic liquidation of their positions.
In order to protect the rights of users and reduce the potential risk in extreme market conditions, YIBI Contracts will likely take additional protective measures for FTTUSDT U-nominal perpetual contracts without further announcement. Potential protective measures include, but are not limited to, adjustments to leverage and margin (including maximum bar multiples, position limits, and maintenance margin rates for each tier), adjustments to funding rates (including prime rates, premium indices, and rate caps), changes to price index components, or the use of an "updated transaction price protection mechanism" to update marker prices.
YIBI leveraged trading platform will automatically close and liquidate FTT full/position-by-position leveraged positions at 12:00 (Eastern Time 8) on November 14, 2022, cancel all pending orders of users on the relevant full/position-by-position leveraged pairs and downgrade the relevant full/position-by-position leveraged pairs. Users are strongly advised to close their positions before stopping leveraged trading to avoid any potential losses.
Risk Warning: Contract trading is a high market risk activity that can result in significant gains while also causing you to incur significant losses. Severe price fluctuations may result in the forced liquidation of your entire margin balance. YIBI is not responsible for any losses that you may incur as a result of using the contract.
Thank you for your support of YIBI!
YIBI Team
November 14, 2022
