Dear Users,
To optimize the futures product architecture and maintain market order on the platform, BitTap will delist LAUNCHCOIN/USDT (Perpetual Futures). The delisting schedule and user notices are provided below. Please make sure to manage related positions and orders in advance and trade with caution.
I. Delisting Schedule (UTC+8)
Stop new openings (no new positions allowed): 2025-10-26 11:30 (UTC+8)
Contract delisting and forced liquidation (stop trading and settle): 2025-10-26 12:00 (UTC+8)
II. Order and Position Handling Instructions
Order handling: From 11:30 onward, users will be unable to place new open-position orders (only cancellation of existing orders is allowed).
Unfilled orders: All orders still unfilled at 12:00 will be automatically cancelled by the system; the corresponding margin/funds will be unfrozen immediately and returned to the account’s available balance.
Position handling: Please close or reduce positions before delisting; if a user still holds positions at 12:00, the platform will forcibly liquidate and settle those positions at prevailing market prices. Any loss, slippage, or fees arising from forced liquidation shall be borne by the holding user.
Settlement reference: Final settlement will be based on the mark price displayed on the contract page at the time or a settlement reference price announced by the platform (see the contract terms for details).
III. Deposits and Withdrawals
Deposit: After this delisting announcement, if the platform remains open for LAUNCHCOIN deposits, users may continue to deposit; the platform reserves the right to suspend deposits at any time for risk-control or compliance reasons and will announce any changes separately.
Withdrawal: Withdrawal services will remain available. Users are advised to withdraw funds or transfer assets to other trading pairs/wallets in a timely manner before the delisting to facilitate subsequent handling.
IV. Risk Notices and Recommendations
Prioritize self-closing positions: To avoid additional losses or slippage from forced liquidation, we strongly recommend that you proactively close or reduce positions before delisting; if positions are large, consider splitting orders to reduce market impact.
Liquidity risk: Market liquidity related to the pair may decline significantly before and after delisting, increasing price volatility and slippage risk—please trade cautiously.
Risk-control measures: The platform will investigate abnormal or non-compliant trading (such as wash trading, matched orders, mass registrations, fake KYC, etc.) and reserves the right to take measures including but not limited to cancelling rebates, imposing restrictions, freezing, or banning accounts.
Related fees and losses: Settlement spreads, fees, or other related costs incurred during the delisting process will be handled according to existing platform rules and borne by users.
V. Follow-up and Notes
This delisting is made for platform risk-control, compliance, or product strategy adjustment reasons. The platform reserves the right to adjust the delisting schedule and handling method. Any changes will be posted on the official website and affected users will be notified.
For accounts found to have violated rules or engaged in illegal activities, the platform will take lawful and regulatory actions as appropriate (including but not limited to cancelling rebates, restricting trading, freezing, or closing accounts).
VI. Assistance
If you require manual assistance during the delisting process or have questions about the handling rules, please contact us via:
In-app customer service (preferred); or
Online ticket or email: support@bittap.com.
Affected users will also receive in-app messages and email notifications — please monitor platform notices and act promptly.
Thank you for your understanding and cooperation. We will continue to improve our risk-control and compliance systems to provide users with a safer and more robust trading environment.
BitTap Team
October 26, 2025