To ensure user experience, platform stability, and the quality of futures products, BitTap will regularly review and adjust futures offerings. To maintain market activity and fair trading, we will periodically 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 diverse range of trading options by continuously introducing new futures products to meet the trading needs of global users. The process and conditions for listing futures products are as follows:
1.1 Listing Conditions
- Market Demand: BitTap evaluates potential cryptocurrencies and futures types based on user trading needs and feedback to ensure that the listed futures have sufficient market demand.
- Project Qualification Review: The platform conducts a strict qualification review of new futures products, including but not limited to project background, market performance, team strength, and compliance.
- Liquidity: Before listing, BitTap ensures that futures products have sufficient market liquidity to provide users with a smooth trading experience.
- Risk Assessment: Each new futures product undergoes a comprehensive risk assessment to ensure it meets the platform’s risk control standards and avoids excessive volatility risks.
1.2 Listing Process
- Announcement Release: BitTap will notify users in advance through an official announcement, providing details on the listing time, trading pairs, leverage options, and other relevant information.
- Testing and Validation: Before the official launch, the platform will conduct internal testing to ensure system stability and proper futures functionality.
- Official Listing: Once the new futures product is live, users can trade it on the platform and enjoy BitTap’s professional futures trading services.
2. Futures Product Delisting Statement
To safeguard user interests and maintain the platform’s healthy development, BitTap may delist futures products that no longer meet trading suitability based on market performance and risk control requirements. The reasons and procedures for delisting are as follows:
2.1 Reasons for Delisting
- Insufficient Market Liquidity: If a futures product has consistently low trading volume and cannot meet users’ liquidity needs, BitTap may consider delisting it.
- High-Risk Projects: If the associated project of a futures product encounters major risks (e.g., project dissolution, significant security vulnerabilities), BitTap will take immediate delisting measures to protect users' assets.
- Regulatory Compliance Issues: If a futures product is subject to legal or regulatory risks, BitTap will comply with relevant regulatory requirements and promptly delist the affected futures.
- Technical Issues: If a futures product experiences severe technical issues or irreparable bugs during operation, BitTap will prioritize delisting to prevent user losses.
2.2 Delisting Process
- Advance Notice: BitTap will announce the delisting of a futures product at least five days in advance to inform users of the delisting schedule and relevant details.
- User Asset Management: Before the delisting, users must manage their open positions and funds accordingly. The platform will provide a reasonable time frame for users to close positions and cancel orders.
- Forced Liquidation: If users do not close their positions before the delisting deadline, the platform will execute forced liquidation at market price and return the remaining assets to user accounts.
- Fund Settlement: After the futures product is delisted, the system will automatically settle user transactions, and users can view their settled assets in their accounts.
3. User Guidelines
- Stay Updated on Announcements: Users should closely monitor BitTap’s official announcements to stay informed about futures listings and delistings to avoid trading risks.
- Plan Trades Accordingly: During futures delisting, users are advised to plan their trades in advance to avoid losses due to last-minute adjustments.
- Risk Reminder: BitTap reminds users that futures trading carries high risks, and market volatility may result in significant asset fluctuations. Users should trade cautiously and use leverage responsibly.
4. Disclaimer
BitTap reserves the right to delist futures products based on market conditions, regulatory changes, or other uncontrollable factors without prior notice. Users shall bear any trading risks or potential losses resulting from such actions. BitTap assumes no liability for delistings caused by force majeure events (e.g., regulatory policy changes, extreme market fluctuations).