Gate Update on Changes to Auto-Settlement Price Calculation in a Perpetual Contract Delisting Event

Starting July 4, 2023, 0:00 UTC, Gate will use the average of index prices for a period of half an hour before delisting as the auto-settlement price for any open position in a perpetual contract delisting event.

When a perpetual contract market is being delisted, any open positions at delisting time will be auto-settled at the auto-settlement price. Gate will use the average of index prices over half an hour before the delisting time as the auto-settlement price.
In the case of significant fluctuations during the last half an hour before delisting, Gate will use the average of index prices over an extended time period to avoid market manipulation and protect our traders.

Should you have any questions, don’t hesitate to contact our 24/7 customer support.

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Gate Team
July 4, 2023