Gate.io will delist WSM/USDT perpetual contract on February 2, 2024 at 08:00 UTC.
At 14:00 UTC on February 1, 2024 the WSM/USDT contract will be in reduce-only mode;
At 08:00 UTC on February 2, any open order of the WSM/USDT contract will be canceled, any open position will be auto-settled based on the average index price from 07: 30 to 08:00 UTC on February 2, 2024 (View Auto-Settlement Price for Delisted Perpetual Contract for details).
If you are trading the above perpetual contracts, it is highly recommended that you adjust your trading strategy and close your position beforehand.
Auto-Settlement Price for Delisted Perpetual Contract
Gate.io will use the average of index prices over half an hour before the delisting time as the auto-settlement price.
In the case of significant fluctuation during the last half an hour before delisting, Gate.io will use the average of index prices over an extended time period to avoid market manipulation.
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Gate.io Team
February 1, 2024