Dear BIT Users,

To provide better liquidity services, the BIT derivatives market will focus on USDT-based products. Consequently, BIT will gradually delist all USD-based perpetual contracts, and there will be no new expiration dates for USD-based options products after natural settlement.

Simultaneously, BIT already offers a wide range of USDT-based contracts and USDT-based options. We welcome you to trade these products.

Please note:

USD-based perpetual contracts will be delisted in the near future, and [reduce-only] mode will be enabled from Nov 1, 2023, in which users can not add any positions in USD contracts.

Please close your position in USD perpetual contracts as soon as possible, or choose to move to a USDT position. If you need to move to a USDT position, please contact BIT's online customer service or your client manager. We strongly encourage you to close your USD perpetual contracts promptly. If you choose to migrate your positions to USDT margined positions, please contact BIT's online customer service or your account manager.

If you hold USD-margined options, you may choose to keep them until the expiry date when they will be automatically settled.

Effective immediately, no new expiration dates will be added for USD-based options, and after all current options expire, USD-based options will be delisted automatically.

Under the borrowing mode, you can use USD directly as collateral for opening positions.

If you have any questions or need assistance, please contact BIT's online customer service. We provide 24/7 support.

Risk warning

Trading in cryptocurrencies comes with high risk due to price volatility. Please make sure you understand all the related risks of cryptocurrency trading, be prudent in your decisions, and trade cautiously. BIT will not be responsible for your trading losses.

Thank you for your support!

BIT Team

October 31, 2023