Binance adjusts SPCX Pre-IPO perpetual contract amounts to match the latest disclosed share capital.

PANews reported on June 8th that Binance Futures will adjust the contract size of the SPCXUSDT U-margined Pre-IPO perpetual contract at 16:30 (UTC+8) on June 10th. The adjustment is expected to take 15 to 30 minutes, followed by a cancellation-only phase lasting up to 5 minutes. The estimated number of SPCX shares will increase from 11.87 billion to 13.08 billion, corresponding to an adjustment factor of 1.10. The price and contract size will be reset proportionally to zero out unrealized profits and losses and adjust the notional value of positions. During the adjustment period, all functions related to trading, closing positions, placing orders, and forced liquidation will be suspended. Related trading robot strategies will be terminated and settled uniformly at 16:20, and all pending orders (including stop-loss and take-profit orders) will be cancelled.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
SpaceX在纳斯达克的IPO获得大幅超额认购
PANews Newsflash