To ensure user experience, platform stability, and the quality of futures products, BitTap periodically reviews and adjusts its futures offerings. To maintain market activity and fair trading, we will regularly list or delist futures products based on market performance, user demand, and other comprehensive factors.
1. Futures Product Listing Statement
BitTap is committed to providing users with a wide variety of trading options by continually launching new futures products to meet the global trading needs. The specific process and conditions for listing futures products are as follows:
1.1 Listing Conditions
· Market Demand: BitTap will regularly assess the market potential of cryptocurrencies and futures types based on user demand and feedback to ensure that listed futures products have sufficient market interest.
· Project Qualification Review: The platform will conduct a thorough qualification review of new futures products, including but not limited to the project’s background, market performance, team strength, and compliance status.
· Liquidity: Before listing, BitTap will ensure that the futures products have sufficient market liquidity to provide users with a smooth trading experience.
· Risk Assessment: BitTap will perform a comprehensive risk assessment on each new futures product to ensure it meets the platform’s risk control standards and to avoid market risks caused by excessive volatility.
1.2 Listing Process
· Announcement: Before listing a futures product, BitTap will notify users in advance through an announcement, providing details on the listing time, related trading pairs, leverage multipliers, and more.
· Testing and Verification: Prior to the official listing, the platform will conduct internal testing to ensure system stability and proper functioning of the futures product.
· Official Listing: Once a new futures product is listed, users can select it for trading on the platform and enjoy BitTap’s professional futures trading services.
2. Futures Product Delisting Statement
To protect user interests and support the healthy development of the platform, BitTap may delist futures products that no longer meet the platform’s trading standards based on market performance and risk control requirements. The primary reasons and process for delisting are as follows:
2.1 Reasons for Delisting
· Insufficient Market Liquidity: If certain futures products experience prolonged low trading volume and insufficient market liquidity to meet user needs, BitTap will consider delisting those products.
· High-Risk Projects: If a related project encounters significant risks (e.g., project dissolution, severe security vulnerabilities), the platform will promptly delist the futures product to protect user assets.
· Compliance Issues: If a futures product is involved in legal or compliance risks, BitTap will follow relevant regulatory requirements and promptly delist the problematic product.
· Technical Issues: If a futures product encounters severe technical problems or unresolvable bugs during operation, the platform will prioritize delisting to prevent user losses.
2.2 Delisting Process
· Advance Notification: When a decision is made to delist a futures product, BitTap will issue an announcement at least 5 days in advance, informing users of the delisting time and related matters.
· User Asset Management: Before the delisting of a futures product, users must manage their positions and funds accordingly. The platform will provide a reasonable window of time for users to close positions and cancel orders.
· Forced Liquidation: If users do not close their positions before the delisting deadline, the platform will forcefully liquidate the positions at the market price and return the corresponding assets to the user’s account.
· Fund Settlement: After the futures product is delisted, the system will automatically settle the user’s trading funds, and users can view their settled assets in their accounts.
3. User Considerations
· Monitor Announcements: Users should regularly check BitTap’s announcements to stay informed about futures product listings or delistings, avoiding potential trading risks due to missed updates.
· Trading Planning: During the delisting period of a futures product, users are advised to plan their trades ahead of time to avoid losses caused by last-minute decisions.
· Risk Reminder: BitTap reminds users that futures trading carries high risks, and market volatility may result in significant asset changes. Please trade cautiously and use leverage wisely.
4. Disclaimer
BitTap reserves the right to delist futures products based on market conditions, laws, regulations, or other uncontrollable factors without prior notice. Users are responsible for any risks or potential losses resulting from these actions. BitTap is not liable for any losses caused by force majeure events (such as policy changes, extreme market volatility) that result in futures delisting.
