BitMEX Announces Delisting of ALTMEXUSDT, DEFIMEXUSDT, and METAMEXUSDT Perpetual Swap Contracts

On 17 August 2022 at 12:00 UTC, the crypto exchange BitMEX will delist the ALTMEXUSDT, DEFIMEXUSDT, and METAMEXUSDT perpetual swap contracts. The contracts will be settled early at 12:00 UTC on 17 August 2022 ( "Tsettle"). 

The decision to delist this contract has been made due to insufficient trading interest in these contracts.
The timeline for the delisting process will be as follows:

The ALTMEXUSDT, DEFIMEXUSDT and METAMEXUSDT contracts will trade as normal until 04:00 UTC on 17 August 2022 ("Tstart")

At Tstart 04:00 UTC on 17 August 2022:

• The Funding Rate, F0, will be calculated as normal using prices from the previous eight hours  

• After Tstart, the Funding Rate will no longer be calculated and the next Funding Rate set to 0

• ALTMEXUSDT, DEFIMEXUSDT and METAMEXUSDT Contract Specification pages will display early settlement information

At Tsettle 12:00 UTC on 17 August 2022:

• The ALTMEXUSDT, DEFIMEXUSDT and METAMEXUSDT contracts will expire, all trading will cease, and all open orders will be canceled

• Funding, calculated using F0,will be exchanged (longs pay shorts if F0 > 0 and shorts pay longs if F0<0)

• All open positions in ALTMEXUSDT, DEFIMEXUSDT and METAMEXUSDT will be closed out using .BALTMEXT30M, .BDEFIMEXT30M and .BMETAMEXT30M respectively as the Settlement Prices

• No fees will be charged for settlement

• ​Once a contract has expired, the lifetime profit and loss of that contract will be added to the user's Bitcoin balance, and this contract will no longer appear on the Positions section