Notice on the Delisting of Certain USDT-Margined Perpetual Contracts by Firecoin HTX

Firecoin HTX has announced an upcoming delisting of several USDT-margined perpetual contracts, effective July 10, 2025, at 16:00 (GMT+8). This decision aligns with the platform’s adherence to its Token Management Rules, ensuring a streamlined and secure trading environment for all users.

The affected contracts include:

• CETUS/USDT
• ZORA/USDT
• SONIC/USDT
• AEVO/USDT
• KOMA/USDT
• DEGEN/USDT
• PLUME/USDT
• VOXEL/USDT
• DOOD/USDT

This move reflects ongoing market adjustments and the platform’s commitment to maintaining high-quality trading pairs based on liquidity, user activity, and overall market demand.

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What Happens During the Delisting Process?

As part of the delisting procedure, all open positions in the above-listed contracts will be automatically settled. The final settlement price will be calculated using the arithmetic average of the index price during the 60 minutes preceding delisting.

All pending orders will be canceled by the system at the time of delisting. Notably, no funding fees or additional settlement charges will apply on the day of delisting, reducing financial burden on users during this transition.

In cases where index price manipulation or abnormal market behavior is detected within the final hour, Firecoin HTX reserves the right to adjust the final settlement price to a fair and reasonable level. This safeguard helps protect users from potential exploitation during volatile conditions.

Risk Management Recommendations for Traders

Market volatility often increases significantly ahead of contract delistings. To mitigate potential losses, traders are strongly advised to:

• Reduce leverage exposure to minimize liquidation risk
• Close open positions early to avoid unexpected price swings
• Monitor account health and maintain sufficient margin buffers

These proactive steps can help preserve capital and ensure smoother navigation through transitional periods.

It's also important to understand how losses from liquidations are handled post-delisting. In the event of underwater positions (i.e., negative balances after liquidation), Firecoin HTX will first use its insurance fund to cover any resulting deficits. If the insurance fund is insufficient, the remaining shortfall will be distributed among profitable accounts in that settlement cycle, proportionally based on their profits.

This mechanism ensures systemic stability and fairness across the platform’s risk-sharing framework.

Post-Delisting Status and Data Accessibility

After delisting, each affected contract will be marked as “Suspended” on the platform. For one week following suspension, users can still access:

• Historical order records
• Trade execution history
• Financial transaction logs

All data will remain available via the web platform interface, allowing users ample time to export and archive critical information. After seven days, these contracts will be hidden from view within the trading interface.

Importantly, users’ USDT-margined account balances remain unaffected by this change. Funds previously allocated to these contracts will continue to be accessible and usable for other trading activities.

Key Dates and User Actions Summary

Users should plan accordingly and take necessary actions before deadlines to avoid unintended exposure.

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Frequently Asked Questions (FAQ)

Q1: Why is Firecoin HTX delisting these specific perpetual contracts?

Firecoin HTX regularly reviews its listed products based on criteria such as trading volume, open interest, market demand, and compliance standards. Contracts with lower liquidity or declining user engagement may be phased out to maintain platform efficiency and user experience.

Q2: Will I lose money if my position isn’t closed before delisting?

No, your position will be automatically settled at the calculated average index price. However, due to potential market volatility in the final hour, it’s advisable to close manually if you want more control over exit pricing.

Q3: Can I still view my trade history after the contract is hidden?

Yes. For seven days after delisting, all historical data—including orders, fills, and financial records—remains accessible on the web platform. Be sure to export any needed information before it becomes archived.

Q4: Is there a fee for the automatic settlement?

There are no additional fees associated with the delisting settlement process. Users will not incur funding payments or settlement charges on July 10.

Q5: How is the final settlement price determined?

The final price is based on the arithmetic average of the index price over the 60 minutes before delisting. In rare cases of suspected manipulation, Firecoin HTX may adjust this price to ensure fairness.

Q6: What happens if my position gets liquidated during delisting?

If a liquidation results in a deficit, Firecoin HTX will cover it first using its insurance fund. If coverage is incomplete, the remaining amount will be shared proportionally among profitable accounts in that cycle.

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Final Notes from Firecoin HTX

While this announcement outlines a planned operational update, users are reminded that market conditions can change rapidly. Firecoin HTX retains full discretion to modify or cancel such notices at any time without prior warning.

All information provided is for reference only and does not constitute financial advice or endorsement of any digital asset. Cryptocurrency trading involves substantial risk due to high price volatility. Users should conduct independent research and fully understand associated risks before engaging in any trading activity.

For more details on risk disclosures, visit the official Firecoin HTX website and review their comprehensive risk statement section.

By staying informed and proactive, traders can better navigate platform updates and protect their investments in an evolving digital asset landscape.