KuCoin Futures Will Delist the SKATEUSDT, FISUSDT and VOXELUSDT Perpetual Contracts (12-10)

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Dear KuCoin Futures Users,

To mitigate market risks and provide users with a better trading experience, KuCoin Futures will delist the following perpetual contracts at 07:00 on December 10, 2025 (UTC).

The detailed delisting plan is as follows:

Perpetual futures	Delisting time
SKATEUSDT	December 10, 2025, 7:00 am UTC
FISUSDT	December 10, 2025, 7:00 am UTC
VOXELUSDT	December 10, 2025, 7:00 am UTC

Details of the arrangement:

Starting from 06:50 on December 10, 2025 (UTC), opening new positions in the above contracts will be suspended, while closing positions will remain unaffected.
The above contracts will be delisted at 07:00 on December 10, 2025 (UTC).
Upon delisting, all open orders will be canceled, and positions will be settled based on the average index price over the last 30 minutes prior to delisting. Users are advised to close their positions in advance to avoid potential losses.
In case of abnormal market volatility or confirmed price manipulation of the index, KuCoin Futures may take additional protective measures without further notice. These may include adjusting the maximum leverage per tier, position value, maintenance margin requirements, updating funding rates (including interest, premium, and capped rates), or modifying the index components.
Please note that there may be significant price fluctuations prior to the contract delisting. We strongly recommend that users reduce leverage or close positions in advance to manage risk.

Updated Mark Price Mechanism Before Delisting

To enhance fairness and stability during the delisting process, KuCoin Futures has updated the mark price mechanism for the final 30 minutes prior to delisting:

Mark Price = Average Index Price (calculated every second)
- Example for a 07:00 delisting:
  - 06:35 mark price = average index price from 06:30 to 06:35
  - 06:59 mark price = average index price from 06:30 to 06:59

180-Second Smooth Transition Mechanism
- Starting from 06:30, the system will smoothly transition from the original mark price formula to the new average-based mark price over a 180-second window to avoid sudden mark price jumps.
  - Mark Price = β * (New Mark Price Formula) (1 − β) * (Old Mark Price Formula)

Thank you for your understanding and support!

The KuCoin Futures Team

Risk Warning: Futures trading is a high-risk activity with the potential for huge gains and huge losses. Previous gains do not indicate future returns. Severe price fluctuations may result in the forced liquidation of your entire margin balance. This information should not be regarded as investment advice from KuCoin. All trading is done at your own discretion and your own risk. KuCoin is not liable for any losses resulting from Futures trading.

Thank you for your support!

The KuCoin Team

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