Gate Implements Stock Split/Reverse Split for SOXS and MUU

Per the relevant official market announcements, SOXS (3x Daily Short Semiconductor Leveraged ETF) and MUU (2x Daily Long Micron ETF) will complete a stock split/reverse split in the near future. Gate will support and execute these adjustments simultaneously across Perpetual Futures, CFDs, and Stocks. The detailed schedule and arrangements are as follows:

Perpetual Futures

1.Schedule

During the adjustment phase, the affected contracts will enter a temporary suspension status. All related functionalities will be paused, including opening/closing positions, order management (place, cancel, modify), funding rate calculations, mark price/index price updates, and liquidations. Mark and index price feeds will stop updating during this period. Strategies and positions created by trading bots for these contracts will be terminated and settled. Please manage your position risks in advance.

2.Adjustment Mechanism

This corporate action adjustment will proportionally modify the contract price, position size, average cost, and open orders based on the underlying stock split/reverse split ratios. Before and after the adjustment, the user's position direction and total account equity will, in principle, remain unchanged.

• During this process, the system will settle relevant positions using the pre-adjustment mark price, converting Unrealized PnL into Realized PnL, which will be credited to your account balance. Following this, the system will recalculate position size, average cost, liquidation price, and other metrics based on the post-adjustment mark price and corresponding ratios. For detailed calculation methods and examples, please refer to the Rebase Mechanism Explanation.
• Due to system restrictions such as price precision, quantity precision, and minimum/maximum order limits, minor rounding differences may occur in the final results. The actual system processing data shall prevail.

3.Order Handling

1.For unexecuted standard limit orders open prior to the adjustment, the system will modify the order price and size proportionally:

• MUUUSDT Contract: Order price adjusted to 1/20 of the original; order size adjusted to 20x of the original.
• SOXSUSDT Contract: Order price adjusted to 10x of the original; order size adjusted to 1/10 of the original.
• Buy order prices will be rounded down to the nearest price precision step; sell order prices will be rounded up.
• If an adjusted order fails to meet trading rules (e.g., price/quantity precision, min/max order size), it may be automatically canceled by the system.

2.All uncompleted Take Profit/Stop Loss (TP/SL), trigger orders, conditional orders, and strategy orders will be canceled during the adjustment window. Users are advised to review their active positions once trading resumes and manually reset any required conditional orders.

4.Important Reminder

• All strategies and positions created via trading bots for MUUUSDT and SOXSUSDT contracts will be terminated and settled on July 15, 2026, at 00:00 (UTC). These bot strategies and positions will not automatically resume after the split/reverse split is completed.
• During the adjustment process, existing positions on MUUUSDT and SOXSUSDT contracts will first be closed. Regardless of your chosen position mode, unrealized PnL will be converted into realized PnL and reflected in your account balance. Once the adjustment concludes, new positions will be restored based on the updated post-split size and entry prices.
• This corporate action adjustment is value-neutral. In principle, your positions' notional value and total account equity will remain the same before and after the event, save for minor deviations resulting from price/quantity precision rounding.
• Since mark price and price index updates are paused during the adjustment, the opening prices when these perpetual contracts resume trading on July 15, 2026, at 13:30 (UTC) may deviate from the adjusted mark prices. We strongly recommend that users holding relevant positions evaluate risks beforehand to mitigate potential market volatility. Please double-check your position sizes, average entry prices, liquidation prices, and open orders immediately after trading resumes, and re-configure conditional orders like TP/SL if necessary.
• Stock Perpetual Futures are USDT-margined derivative contracts. This adjustment does not mean users hold or will receive actual shares, ETF units, or any shareholder voting rights of the underlying equities.
• In case of extraordinary circumstances, Gate reserves the right to modify, delay, or cancel this adjustment schedule. A separate announcement will be issued if such changes occur.

CFD

• On July 14, 2026, at 20:00 (UTC), trading for SOXS and MUU CFDs will be suspended. All unexecuted open orders will be canceled by the platform during this window. The system will automatically execute the split/reverse split processing proportionally, adjusting your share count and cost basis price accordingly.
• On July 15, 2026, at 13:30 (UTC), SOXS and MUU CFDs will resume normal trading at the post-adjustment prices. Please note that the exact trading resumption time may vary based on actual conditions; please refer to the platform's final opening time.

Stock

• On July 15, 2026, at 06:00 (UTC), trading for SOXS and MUU stocks will be suspended. The platform will simultaneously cancel all unexecuted open orders. The system will automatically execute the split/reverse split processing proportionally, adjusting your share count and cost basis price accordingly.
• On July 15, 2026, at 08:00 (UTC), SOXS and MUU stocks will resume normal trading when the pre-market session begins, operating at post-adjustment prices. Please note that the exact trading resumption time may vary based on actual conditions; please refer to the platform's final opening time.

If your account holds positions in SOXS or MUU, please plan ahead and adjust your trading strategies accordingly.

Gate Team
July 9, 2026

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