Huobi Futures Will Execute System Upgrade on June 14

Dear valued users：

To provide you with better trading experience, Huobi Futures will upgrade the futures and perpetual swaps systems simultaneously from 14:00 to 16:00 on June 14, 2020 (GMT+8), lasting for around 2 hours. During the upgrade period, users’ pending orders will be retained, but functions such as transferring margin, placing orders, and canceling orders will be temporarily suspended on API, Web, and APP. Within 10 minutes after the upgrade, order cancellation and transfer-in function are allowed from API, Web and APP, but order placement and transfer-out function are not supported.

The main points of this upgrade are as following:

1. Added high leverages for futures trading, up to 125x.
2. Adopted locked margin optimization, which can improve asset utilization and reduce position margins. The function will be officially activated at 18:00 on June 14, 2020 (GMT+8).
3. Added Bi-quarterly futures contracts which will be officially open to users at 14:00 on June 15, 2020 (GMT+8).
4. API upgrade, including higher rate limit is adopted and is split to trading & query interfaces; added websocket interface for BBO quotation push.

Please be prepared in advance and control risk by canceling orders, adding margin, or closing positions before the upgrade. We are sorry for any inconvenience it may cause. Thanks for your support and understanding.

If there should occur high market volatility, Huobi Futures will postpone the upgrade and keep you informed timely via the official announcement.

Note: The estimated time for system upgrade and maintenance may not be accurate, please feel free to ask for the latest update via our official WeChat, QQ and telegram groups.

Thank you for your support to Huobi Futures!

Huobi Futures

June 12, 2020

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