Dear Users:
To preserve market order and continuously strengthen risk management, BitTap will delist the CHESS/USDT perpetual futures (the “Futures”). Please pay close attention to the following schedule and ensure you close positions and cancel orders before the specified times.
Delisting time (GMT+8)
Stop opening new positions (new positions prohibited): From 18:30 on February 6, 2026 (GMT+8), the platform will stop accepting new opening orders for CHESS/USDT (users may only manually close positions or cancel orders).
Forced liquidation and settlement (delisting and removal of the Futures): At 19:00 on February 6, 2026 (GMT+8), the platform will automatically force-liquidate all outstanding positions according to platform settlement rules and complete the Futures delisting process.
System handling rules
Stop new openings: From 18:30, users will not be able to open any new positions for CHESS/USDT; only cancellation of unfilled orders or manual position closures are allowed.
Cancellation of unfilled orders: At settlement time, all unfilled orders will be automatically cancelled by the system; reserved margin will be released immediately to users’ available balances.
Forced liquidation and settlement: At delisting time the platform will auto-close remaining positions using the mark price / platform settlement price (as displayed on the Futures page or the weighted index price). If market liquidity is insufficient, execution prices may incur slippage.
Insurance fund and risk handling: The platform will apply the established liquidation and insurance fund mechanisms to cover liquidation shortfalls; if additional risk controls are triggered (e.g., ADL, manual liquidation windows), the platform will announce and execute those measures.
Related derivative services: Automated strategies, API orders, and bot orders tied to this Futures will be disabled or restricted simultaneously; affected users should stop strategies and interface orders in advance.
Friendly reminders and risk notice
Delisting may cause a sudden drop in market liquidity; automatic forced liquidation may result in significant slippage or settlement prices that differ from user expectations. Users are strongly advised to close positions manually before delisting to control risk.
CHESS spot or other products (if any) are not included in this Futures delisting; refer to product-specific announcements for their status.
This announcement is an operational risk-control notice and does not constitute investment advice; BitTap is not liable for losses resulting from users’ failure to close positions in time, failure to verify operations, or other improper personal actions.
Need help
If you have questions about the delisting or require manual assistance, contact us via:
BitTap in-app online customer support (preferred)
Submit a ticket or email: support@bittap.com
We will publish updates on execution progress and final settlement via official announcements, in-site messages, and app push notifications. Please monitor official channels. We apologize for any inconvenience and appreciate your understanding and cooperation.
BitTap Team
February 6, 2026