Gate.io will Delist NADA/USDT Perpetual (USDT Margin)

The NADA/USDT perpetual market recently experienced abnormal fluctuations. Gate.io have completed our investigation into this event, and details of the investigation findings and compensation plan for affected users during the abnormal period will be released soon. Affected users are advised to closely follow subsequent announcements.

Gate.io will delist the NADA/USDT perpetual trading market with USDT settlement on April 14, 2024, 08:00 A.M. UTC. The detailed arrangements are as follows:The NADA/USDT perpetual trading market has now been adjusted to reduce-only mode.At 8:00 A.M. UTC on April 14, 2024, Gate.io will settle outstanding positions based on the average index price of the last half hour before delisting. Any outstanding orders will be automatically canceled.

If you are trading the above perpetual contracts, please adjust your strategy in advance and close your positions before April 14, 2024, 8:00 A.M. UTC. Otherwise, they will be automatically settled.

Auto-Settlement Price for Delisted Perpetual Contract:Gate.io will use the average of index prices over the half hour before the delisting time as the auto-settlement price.In the case of significant fluctuation during the half hour before delisting, Gate.io will use the average of index prices over an extended time period to avoid market manipulation.