Bibox on the suspension of BCHUSDT perpetual contract

Dear Users：

The Bitcoin Cash community is expected to upgrade the hard fork protocol at 20:00 on November 15, 2020, （UTC+8）. In order to avoid uncertain risks during the upgrade period and to protect the rights of users, Bibox plans to settle and suspend perpetual contract on November 14, 2020, （UTC+8）.

 Please note

1. Open positions will be closed at the average value of the corresponding index price an hour before settlement as the settlement price, and all takers will be cancelled. If the index price is abnormally controlled an hour before settlement, Bibox will adjust the final settlement price to a reasonable level according to the actual situation;
2. The market may fluctuate sharply before the contract is suspended. Please control your risks by closing positions in advance or reducing position multiples. If the BCHUSDT perpetual contract has a short-term loss during settlement, the provisions for risks will be compensated first. If the provisions for risks is not enough to compensate, the profitable account in the current period will share the loss of the short-term portion according to the profit;
3. 3. After the contract settlement is completed, the USDT assets of the BCHUSDT perpetual contract account will not be affected, and its historical commissions, transaction records and other information can still be checked on WEB;
4. 4. Regarding the resumption of BCHUSDT perpetual contract trading time, please refer to the official Bibox announcement

Thanks for your continuous support.

11/10/2020

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