Aster will PAPER adjust pre-market perpetual contracts to reduce-only mode and plans to delist them
BIBIBI
AT A GLANCE
Aster stated that it has set PAPER pre-market perpetual contracts to reduce-only mode and will delist them on October 20 9: 45.
Article
⚡️Aster announces delisting PAPER pre-market perpetual contracts have been adjusted to reduce-only mode
BlockBeats reports,October 20，Aster issued an announcement stating that, in view of PAPER recent developments, it has immediately adjusted the PAPER pre-market perpetual contract market to reduce-only mode. The delisting time is October 20 9: 45。
Aster Users holding open positions are advised to close them before the delisting. It stated that this is a precautionary measure intended to manage market risk and maintain orderly trading.
Original link https://m.theblockbeats.info/flash/372646
Key points
01
Aster issued an announcement stating that it has immediately adjusted the PAPER pre-market perpetual contract market to reduce-only mode.
02
The reported delisting time is October 20 9: 45。
03
Aster Users holding open positions are advised to close them before the delisting.
04
Aster states that this is a precautionary measure intended to manage market risk and maintain orderly trading.
05
Aster describes the reason for taking the measure as “in light of PAPER recent related developments.”
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
“Reduce-only” means that users can only reduce existing positions and cannot increase their positions. Users holding open positions in these contracts are advised to close them before the delisting.
Why it matters to readers
This adjustment directly affects PAPER position holdings and trading arrangements for pre-market perpetual contracts; users with open positions need to note the delisting time.
If you do not hold these contracts, the report does not state that you need to take action; if you do, you should pay attention to the position-closing and delisting arrangements.
Risks and unknowns
The evidence is BlockBeats’ retelling of Aster announcement; the attached link is not an official Aster announcement link.
“PAPER the specific content of the “recent related developments” is not explained.
It does not explain how open positions will be handled or settled after the delisting.
The evidence does not state whether this restriction involves PAPER spot trading or other markets.
The date in the evidence does not specify the year.
Related Developments
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Related concepts
Pre-market perpetual contracts
This term is not in the glossary yet. Browse related concepts in the glossary.
