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Gate.io announcement on the delisting of multiple perpetual contract trading markets
Gate.io will delist the following perpetual futures trading markets at 16:00 UTC+8 on March 13, 2025, and the details are as follows:
Starting from 16:00 UTC+8 on March 12, 2025, the trading market of the above perpetual contracts will be adjusted to the position reduction only mode. On March 13, 2025 at 16:00 UTC+8, Gate.io will liquidate and settle open positions at the average index price in the last half hour before the offline market. Any unfilled pending orders will be automatically cancelled.
If you are trading in the above markets, please adjust your strategy in advance and close your position before 16:00 UTC+8 on March 13, 2025, otherwise it will be automatically settled.
About the calculation method of the liquidation price when the contract is delisted: When the contract is delisted, the Gate.io will automatically liquidate the open position according to the average index price in the last half hour before the contract is delisted. If the price fluctuates too much in the last half hour, a wider range of average index prices will be selected to avoid losses caused by price manipulation.
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gate March 10, 2025