Trade.xyz resumes Kioxia KIOXIA perpetual futures trading after stock split
BIBIBI
AT A GLANCE
After settling existing positions due to Kioxia’s 1 stock 3 split, Trade.xyz has resumed KIOXIA perpetual futures trading.
Article
Trade.xyz has relisted Kioxia perpetual futures after the underlying implemented a stock 1 split 3 BlockBeats news,September 28, Trade.xyz’s perpetual futures market has relisted Japanese storage company Kioxia (KIOXIA), with up to 10 x leverage.
The relisting followed Kioxia’s implementation of a stock 1 split 3. According to the official schedule, the contracts were suspended at approximately 06: 35 UTC on the same day (Beijing time 14: 35) and all open positions were settled; trading resumed at approximately 07: 30 UTC(Beijing time 15: 30) at post-split prices. The platform could not directly adjust existing positions according to the stock-split ratio, so traders need to open new positions.
Original link https://m.theblockbeats.info/flash/369346
Key points
01
BlockBeats reported that September 28, Trade.xyz relisted perpetual futures for Japanese storage company Kioxia (KIOXIA).
02
The perpetual futures contract supports up to 10 x leverage.
03
The report attributed the relisting to Kioxia implementing a stock 1 split. 3。
04
The contracts were suspended at approximately 06: 35 UTC on the same day, and all open positions were settled.
05
The contracts resumed trading at approximately 07: 30 UTC at post-split prices.
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The report stated that the platform could not directly adjust existing positions according to the stock-split ratio, so traders need to open new positions.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
“1 split 3” means that each existing shareholding unit was split into units. Because Trade.xyz cannot directly adjust existing contract positions according to this ratio, the platform first suspended trading and settled open positions, then resumed the contracts at split-adjusted prices; existing traders need to establish new positions.
Why it matters to readers
This directly affects traders who held KIOXIA perpetual futures positions on the platform at the time: existing positions were settled, and they will not continue automatically after trading resumes; traders need to open new positions.
Beginners should note that perpetual futures support up to 10 x leverage, and underlying-asset adjustments such as stock splits may trigger suspension, settlement, and the opening of new positions; this article does not provide details on settlement prices, fees, or profit and loss treatment.
Risks and unknowns
The evidence does not provide a link to an official Trade.xyz announcement, so the “official schedule” mentioned in the article cannot be directly verified from the available material.
The specific settlement prices, fees, and profit and loss treatment for all open positions were not stated.
No information was provided on liquidity, spreads, or abnormal settlement after trading resumed.
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Related concepts
Perpetual Contract
A derivative contract with no expiration date, designed for continuous holding, whose funding rate mechanism helps keep its price close to that of the underlying asset.
