UpGate

Tag: Exchanges

  • TradFi Perpetual Contracts: Parameter Updates

    TradFi Perpetual Contracts: Parameter Updates

    Bybit Enhances TradFi Perpetual Contracts with Parameter Upgrades

    Bybit is set to introduce a series of parameter upgrades for its TradFi Perpetual Contracts, aiming to bolster trading flexibility and capacity for its users. The enhancements will be rolled out in distinct phases.

    Open Interest Position Limit Adjustment

    Effective August 12, 2026, at 07:30 UTC, the Open Interest (OI) position limit ratio for all TradFi contracts will be raised from 20% to 30%.

    Maximum Leverage Increase

    Beginning August 13, 2026, at 07:30 UTC, several TradFi contracts will see their maximum leverage increase from 20x to 25x.

    Position Value Tier Expansion for 50x Leverage Contracts

    Also effective August 13, 2026, at 07:35 UTC, Bybit will significantly expand the maximum position value at higher leverage tiers for specific contracts that currently offer 50x leverage.

    Limit Order Maximum Size Increase

    Starting August 14, 2026, at 07:30 UTC, the maximum size for a single limit order, encompassing both opening and closing positions, will be increased across all TradFi contracts.

  • OKX Delists GODS, PRCL, DUCK Spot Trading

    OKX Delists GODS, PRCL, DUCK Spot Trading

    OKX to Delist Several Spot Trading Pairs

    OKX, a prominent cryptocurrency exchange, announced it will be delisting several spot trading pairs due to their failure to meet the platform’s listing criteria. The decision, based on user feedback and the OKX Token Delisting/Hiding Guideline, aims to maintain a robust spot trading environment.

    Affected Tokens and Trading Pairs

    The tokens affected by this delisting are GODS, PRCL, and DUCK. Consequently, various USDⓈ, EUR, and USDT spot trading pairs involving these tokens will be removed from the platform according to a specific schedule.

    Delisting Schedule

    The delisting process will commence on August 14, 2026, and conclude on August 17, 2026.

    • August 14, 2026, 08:00 – 10:00 UTC:

    * GODS/USDⓈ (GODS/USD)
    * PRCL/USDⓈ (PRCL/USD)
    * PRCL/USD (PRCL/USDC)
    * PRCL/EUR
    * DUCK/USDⓈ (DUCK/USD)

    • August 17, 2026, 08:00 – 10:00 UTC:

    * GODS/USDT
    * PRCL/USDT
    * DUCK/USDT

    Additional Details and User Guidance

    OKX advises users to cancel any open orders associated with the affected trading pairs before the scheduled delisting times. Orders not canceled manually will be automatically canceled by the system, which may take one to three business days.

    Trading bots for these pairs will begin closing gradually between 07:00 and 08:00 UTC on their respective delisting dates. Users concerned about potential fees or slippage from automatic closures are encouraged to stop their bots manually.

    Related trading services, including Buy/Sell and Convert functionalities for both USDⓈ and USDT trading pairs, will be suspended starting at 08:00 UTC on August 14, 2026.

    Following the completion of the delisting, any remaining assets will be consolidated into users’ funding accounts. During this consolidation period, withdrawal and transfer functions will be temporarily suspended.

    Deposit and Withdrawal Suspensions

    Deposits for the affected cryptocurrencies will be suspended from 08:00 UTC on August 7, 2026. Users are urged to manage their assets promptly. After delisting, these assets will be accessible under “Assets > Untradable assets.”

    Withdrawals for the affected cryptocurrencies will be suspended from 08:00 UTC on November 7, 2026.

    OKX stated that it will continue to monitor all listed trading pairs and implement delisting or hiding mechanisms as necessary to ensure market integrity.

  • USDT Perpetual Contract Tick Size Change August 11, 2026

    USDT Perpetual Contract Tick Size Change August 11, 2026

    Bybit to Adjust Tick Sizes for Perpetual Contracts to Enhance Market Liquidity

    Singapore, [Date] – Cryptocurrency exchange Bybit announced it will implement adjustments to the tick size of several Perpetual Contracts, a move aimed at increasing market liquidity and improving the overall trading experience for its users. The changes are scheduled to take effect on August 11, 2026, at 8:30 AM UTC.

    Tick Size Adjustments

    The adjustment will affect a range of trading pairs, with specific changes detailed below:

    • COMPUSDT: Tick size will change from 0.001 to 0.01.
    • HYPEUSDT: Tick size will change from 0.001 to 0.01.
    • ARUSDT: Tick size will change from 0.0001 to 0.001.
    • ATOMUSDT: Tick size will change from 0.0001 to 0.001.
    • BEATUSDT: Tick size will change from 0.0001 to 0.001.
    • CAKEUSDT: Tick size will change from 0.0001 to 0.001.
    • GRAMUSDT: Tick size will change from 0.0001 to 0.001.
    • LITUSDT: Tick size will change from 0.0001 to 0.001.
    • MORPHOUSDT: Tick size will change from 0.0001 to 0.001.
    • MOVRUSDT: Tick size will change from 0.0001 to 0.001.
    • NEARUSDT: Tick size will change from 0.0001 to 0.001.
    • PENDLEUSDT: Tick size will change from 0.0001 to 0.001.
    • RENDERUSDT: Tick size will change from 0.0001 to 0.001.
    • RPLUSDT: Tick size will change from 0.0001 to 0.001.
    • 1000000MOGUSDT: Tick size will change from 0.00001 to 0.0001.
    • 1000TOSHIUSDT: Tick size will change from 0.00001 to 0.0001.
    • AGLDUSDT: Tick size will change from 0.00001 to 0.0001.
    • ALLOUSDT: Tick size will change from 0.00001 to 0.0001.
    • APRUSDT: Tick size will change from 0.00001 to 0.0001.
    • EIGENUSDT: Tick size will change from 0.00001 to 0.0001.
    • FORMUSDT: Tick size will change from 0.00001 to 0.0001.
    • GRASSUSDT: Tick size will change from 0.00001 to 0.0001.
    • IMXUSDT: Tick size will change from 0.00001 to 0.0001.
    • IOUSDT: Tick size will change from 0.00001 to 0.0001.
    • JUPUSDT: Tick size will change from 0.00001 to 0.0001.
    • KGENUSDT: Tick size will change from 0.00001 to 0.0001.
    • MAGMAUSDT: Tick size will change from 0.00001 to 0.0001.
    • METUSDT: Tick size will change from 0.00001 to 0.0001.
    • MMTUSDT: Tick size will change from 0.00001 to 0.0001.
    • RAVEUSDT: Tick size will change from 0.00001 to 0.0001.
    • SOONUSDT: Tick size will change from 0.00001 to 0.0001.
    • SUSHIUSDT: Tick size will change from 0.00001 to 0.0001.
    • THETAUSDT: Tick size will change from 0.00001 to 0.0001.
    • TRXUSDT: Tick size will change from 0.00001 to 0.0001.
    • UAIUSDT: Tick size will change from 0.00001 to 0.0001.
    • VELVETUSDT: Tick size will change from 0.00001 to 0.0001.
    • WIFUSDT: Tick size will change from 0.00001 to 0.0001.
    • XLMUSDT: Tick size will change from 0.00001 to 0.0001.

    Traders are advised to review and adjust their trading strategies in light of these upcoming changes. Bybit expressed its understanding for any potential inconvenience and thanked its users for their continued support.

  • SHOPUSDT Perpetual Contract Launched with 25x Leverage

    SHOPUSDT Perpetual Contract Launched with 25x Leverage

    Bybit Launches Shopify Perpetual Contract with Up to 25x Leverage

    Cryptocurrency exchange Bybit has announced the listing of its SHOPUSDT Perpetual Contract, allowing traders to speculate on the price movements of Shopify (SHOP) using Tether (USDT) as the settlement asset. Trading for the new contract is now live, offering leverage of up to 25x.

    The SHOPUSDT Perpetual Contract is also accessible through Bybit’s suite of Futures bots, including Futures Grid, Futures Martingale, and Futures Combo strategies.

    Contract Specifications:

    • Underlying Asset: Shopify (SHOP)
    • Settlement Asset: USDT
    • Tick Size: 0.01
    • Maximum Leverage: 25x
    • Capped Funding Rate: 2%
    • Funding Fee Settlement Interval: Every 8 hours
    • Trading Hours: 24/7

    The official website for Shopify is https://www.shopify.com/.

  • USDT Perpetual Tick Size Change: August 11, 2026

    USDT Perpetual Tick Size Change: August 11, 2026

    Bybit to Adjust Tick Sizes for Perpetual Contracts to Enhance Market Liquidity

    Singapore – Cryptocurrency exchange Bybit announced it will implement adjustments to the tick size of several Perpetual Contracts, a move aimed at increasing market liquidity and improving the trading experience for its users. The changes are scheduled to take effect on August 11, 2026, at 8:30 AM UTC.

    Tick Size Modifications

    The adjustments will affect a range of trading pairs, with specific changes detailed below:

    • HYPEUSDT: Tick size will change from 0.001 to 0.01.
    • COMPUSDT: Tick size will change from 0.001 to 0.01.
    • NEARUSDT: Tick size will change from 0.0001 to 0.001.
    • LITUSDT: Tick size will change from 0.0001 to 0.001.
    • GRAMUSDT: Tick size will change from 0.0001 to 0.001.
    • ATOMUSDT: Tick size will change from 0.0001 to 0.001.
    • RENDERUSDT: Tick size will change from 0.0001 to 0.001.
    • PENDLEUSDT: Tick size will change from 0.0001 to 0.001.
    • MORPHOUSDT: Tick size will change from 0.0001 to 0.001.
    • RPLUSDT: Tick size will change from 0.0001 to 0.001.
    • VANAUSDT: Tick size will change from 0.0001 to 0.001.
    • CAKEUSDT: Tick size will change from 0.0001 to 0.001.
    • ARUSDT: Tick size will change from 0.0001 to 0.001.
    • MOVRUSDT: Tick size will change from 0.0001 to 0.001.
    • BEATUSDT: Tick size will change from 0.0001 to 0.001.
    • XLMUSDT: Tick size will change from 0.00001 to 0.0001.
    • SLXUSDT: Tick size will change from 0.00001 to 0.0001.
    • WIFUSDT: Tick size will change from 0.00001 to 0.0001.
    • TRXUSDT: Tick size will change from 0.00001 to 0.0001.
    • GRASSUSDT: Tick size will change from 0.00001 to 0.0001.
    • JUPUSDT: Tick size will change from 0.00001 to 0.0001.
    • EIGENUSDT: Tick size will change from 0.00001 to 0.0001.
    • MMTUSDT: Tick size will change from 0.00001 to 0.0001.
    • METUSDT: Tick size will change from 0.00001 to 0.0001.
    • AGLDUSDT: Tick size will change from 0.00001 to 0.0001.
    • OPGUSDT: Tick size will change from 0.00001 to 0.0001.
    • THETAUSDT: Tick size will change from 0.00001 to 0.0001.
    • IMXUSDT: Tick size will change from 0.00001 to 0.0001.
    • 1000TOSHIUSDT: Tick size will change from 0.00001 to 0.0001.
    • ARKMUSDT: Tick size will change from 0.00001 to 0.0001.
    • IOUSDT: Tick size will change from 0.00001 to 0.0001.
    • 1000000MOGUSDT: Tick size will change from 0.00001 to 0.0001.
    • SUSHIUSDT: Tick size will change from 0.00001 to 0.0001.
    • BANKUSDT: Tick size will change from 0.00001 to 0.0001.
    • VELVETUSDT: Tick size will change from 0.00001 to 0.0001.
    • ALLOUSDT: Tick size will change from 0.00001 to 0.0001.
    • RAVEUSDT: Tick size will change from 0.00001 to 0.0001.
    • MAGMAUSDT: Tick size will change from 0.00001 to 0.0001.
    • SOONUSDT: Tick size will change from 0.00001 to 0.0001.
    • UAIUSDT: Tick size will change from 0.00001 to 0.0001.
    • APRUSDT: Tick size will change from 0.00001 to 0.0001.
    • KGENUSDT: Tick size will change from 0.00001 to 0.0001.
    • FORMUSDT: Tick size will change from 0.00001 to 0.0001.

    Traders are advised to review and adjust their trading strategies accordingly to account for these changes. Bybit expressed its understanding for any potential inconvenience this may cause and thanked its users for their continued support.

  • USDT Perpetual Tick Size Change August 11, 2026

    USDT Perpetual Tick Size Change August 11, 2026

    Bybit to Adjust Tick Sizes for Perpetual Contracts to Enhance Market Liquidity

    Singapore – [Date of Publication] – Cryptocurrency exchange Bybit announced today that it will be adjusting the tick size for a number of its Perpetual Contracts, a move intended to boost market liquidity and refine the trading experience for its users. The changes are scheduled to take effect on August 11, 2026, at 8:30 AM UTC.

    Tick Size Adjustments

    The adjustment will see the tick size for most of the affected Perpetual Contracts increase from 0.000001 to 0.00001. This change applies to a comprehensive list of trading pairs, including:

    • ZEREBROUSDT
    • MONUSDT
    • LRCUSDT
    • PLUMEUSDT
    • STABLEUSDT
    • GOATUSDT
    • MOVEUSDT
    • HUMAUSDT
    • ENJUSDT
    • SPKUSDT
    • AIXBTUSDT
    • AZTECUSDT
    • ROBOUSDT
    • DRIFTUSDT
    • C98USDT
    • DYMUSDT
    • SUNUSDT
    • FIDAUSDT
    • WOOUSDT
    • PUFFERUSDT
    • DBRUSDT
    • CGPTUSDT
    • ESPORTSUSDT
    • USUSDT
    • HANAUSDT
    • QUSDT
    • ETHBTCUSDT

    A select group of contracts will see their tick size adjusted from 0.0000001 to 0.000001. These include:

    • DOODUSDT
    • 1000CATUSDT
    • AKEUSDT
    • PUMPFUNUSDT
    • JCTUSDT

    Trader Advisory

    Bybit advises its users to review and, if necessary, adjust their trading strategies to align with the new tick size specifications. The exchange expressed its understanding for any potential inconvenience this may cause and thanked its users for their continued support.

  • Binance Delists Six Altcoins, Prompting Price Declines

    Binance Delists Six Altcoins, Prompting Price Declines

    Binance announced on August 3rd its decision to terminate services for six altcoins: Across Protocol (ACX), Hashflow (HFT), PIVX (PIVX), Vulcan Forged PYR (PYR), Vanar (VANRY), and Viction (VIC). The delisting is scheduled to take effect on August 17th. The announcement coincided with immediate price drops for these tokens, with PIVX and PYR experiencing significant decreases.

    Following the announcement, PIVX and PYR saw their values decline by approximately 20%. This market reaction is consistent with previous delisting events by major exchanges, where reduced availability and thinner liquidity often lead to price depreciation. The specific criteria Binance uses for its delisting reviews, which aim to ensure listed cryptocurrencies meet necessary standards and industry requirements, were not detailed in the announcement. This lack of specific detail represents an uncertainty in understanding the precise reasons for each token’s removal.

    This is not the first time Binance has delisted assets this year. Towards the end of June, the exchange terminated services for four other altcoins: Alchemix (ALCX), Ardor (ARDR), NFPrompt Token (NFP), and Marlin (POND). Notably, NFPrompt Token (NFP) experienced a substantial valuation plunge of 21% in a single day following its delisting.

    In addition to the delistings, Binance also recently conducted brief maintenance periods for deposits and withdrawals on the TRON (TRX) and Zcash (ZEC) networks. These operations were reportedly restored quickly without any reported lingering issues. These activities occurred as Binance continues to solidify its global presence, having recently strengthened its position in the Philippines.

    The delisting of ACX, HFT, PIVX, PYR, VANRY, and VIC is part of Binance’s ongoing review process. While the exchange aims to maintain high standards for listed assets, the exact parameters of these standards remain unspecified. The market’s response, characterized by price decreases for the affected tokens, underscores the significant influence exchanges like Binance have on cryptocurrency liquidity and valuation. The precise reasons for the delisting of each individual token are not provided, adding to the uncertainties surrounding these platform updates.

    Why This Matters

    The materials describe a narrow update: Binance will terminate services for six cryptocurrencies: ACX, HFT, PIVX, PYR, VANRY, and VIC, effective August 17. The specific ‘necessary standards and industry requirements’ Binance used for the review are not detailed.

    Broader Context

    Source materials place the factual news in this context: Binance announced several platform amendments over the past several weeks affecting altcoin traders and investors.

  • Bithumb’s 2028 IPO Plan Faces Uncertainties Amidst Legal and Regulatory Challenges

    Bithumb’s 2028 IPO Plan Faces Uncertainties Amidst Legal and Regulatory Challenges

    South Korean cryptocurrency exchange Bithumb has outlined a three-stage plan targeting a stock market listing in 2028. This ambitious timeline proceeds amidst a complex landscape of ongoing legal battles, regulatory fines, and operational issues that cast significant uncertainty on its feasibility.

    Bithumb stated its intention to rebuild risk management to the standards required of regulated financial firms. The company plans to spend the current year upgrading internal controls and preparing to transition from the Korean accounting standard K-GAAP to the global K-IFRS standard. A crucial step in this process involves filing for a preliminary listing review in 2027, with the ultimate goal of a public offering in 2028. To support its IPO aspirations, Bithumb has engaged domestic and overseas underwriters, law firms, and accountants.

    Bithumb’s path to the stock market is fraught with significant challenges. In February, a display error mistakenly credited thousands of Bithumb users with Bitcoin they did not own, leading to criticism from lawmakers and investigations into compensation arrangements. In March, financial regulators imposed a $24.5 million fine and ordered a six-month partial suspension of the exchange’s operations due to anti-money-laundering and know-your-customer failures. While a court blocked this order in April following Bithumb’s challenge, the underlying issues remain a point of regulatory concern. Furthermore, the exchange’s chief executive, Lee Jae-won, has been booked as a bribery suspect in connection with the alleged hiring of a National Assembly member’s son. Police have conducted searches of Bithumb’s headquarters in February and June as part of these investigations.

    In response to these issues, Bithumb claims it has split off Bithumb Asset to separate its business lines and mitigate potential conflicts of interest. The exchange also promises regular disclosure of its finances and crypto holdings, aiming for transparent governance, stronger internal controls, better investor protection, sustainable growth, and a management system built to global standards. Bithumb is strengthening its compliance monitoring to an institutional-finance level, according to its statements.

    Despite these stated reforms and promises, significant uncertainty remains regarding the IPO timeline. Bithumb acknowledges that the timetable could shift based on market conditions and the pace of the necessary regulatory reviews. The ultimate resolution of the bribery investigation involving CEO Lee Jae-won and the outcome of the regulatory actions concerning anti-money-laundering failures are significant factors that could impact Bithumb’s listing prospects. The exchange competes domestically with Dunamu-operated Upbit for market share in South Korea.

    Bithumb’s announcement highlights a strategic move towards greater transparency and adherence to global financial standards, framed as essential for its IPO ambitions. However, the ongoing legal and regulatory scrutiny underscores the substantial risks and uncertainties that must be addressed before such an offering can be realized.

    Why This Matters

    The materials describe a narrow update: Bithumb announced a three-stage plan aiming for a 2028 IPO, involving internal control upgrades, accounting standard changes, and preliminary listing review filings in 2027. The IPO timetable could shift with market conditions and the pace of the review.

    Broader Context

    Source materials place the factual news in this context: Bithumb faces a slew of legal and regulatory challenges.

  • SPOTUSDT Perpetual Contract Lists with 25x Leverage

    SPOTUSDT Perpetual Contract Lists with 25x Leverage

    Bybit Launches SPOTUSDT Perpetual Contract

    Cryptocurrency exchange Bybit has announced the listing of its new SPOTUSDT Perpetual Contract, allowing users to trade the underlying asset, Spotify (SPOT), against Tether (USDT). Trading for the new contract is now live, offering leverage of up to 25x.

    The SPOTUSDT Perpetual Contract is also accessible through Bybit’s suite of Futures bots, including Futures Grid, Futures Martingale, and Futures Combo.

    Key details of the SPOTUSDT Perpetual Contract include:

    • Underlying Asset: Spotify (SPOT)
    • Settlement Asset: USDT
    • Tick Size: 0.01
    • Maximum Leverage: 25x
    • Capped Funding Rate: 2%
    • Funding Fee Settlement Interval: Every 8 hours
    • Trading Hours: 24/7

    The official website for Spotify is spotify.com.

  • Zircuit (ZRC) Network Deposits and Withdrawals Suspended August 4, 2026

    Zircuit (ZRC) Network Deposits and Withdrawals Suspended August 4, 2026

    Bybit Halts Zircuit Deposits and Withdrawals for Scheduled Maintenance

    Singapore, August 4, 2026 – Cryptocurrency exchange Bybit announced today that it will temporarily suspend deposits and withdrawals for Zircuit (ZRC) starting at 1:00 PM UTC on August 4, 2026. The maintenance is expected to last approximately 18 hours.

    During this period, all ongoing transactions involving Zircuit will be delayed until the maintenance is completed. However, Bybit has assured users that other trading activities will not be impacted.

    The exchange will not issue a separate announcement upon the conclusion of the maintenance. Users who wish to be notified when Zircuit deposits and withdrawals resume can set an alert on the Deposit or Withdrawal page.

    Bybit expressed gratitude for its users’ continued support.